Intact Investment Management Inc. Sells 109,890 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Intact Investment Management cut its stake in Canadian Pacific Kansas City by 71.4%, selling 109,890 shares in Q4 and finishing the quarter with 44,059 shares worth $3.244 million.
• Sell‑side sentiment is broadly positive with an average rating of "Moderate Buy" and an average price target of $95.30 (one Strong Buy, nine Buy, four Hold among analysts), though several firms recently adjusted targets and ratings.
• CPKC missed Q1 EPS expectations ($0.76 vs. $0.78) and saw revenue decline 2.5% year‑over‑year, but the company raised its quarterly dividend to $0.268 (annualized $1.07, ~1.3% yield).

Intact Investment Management Inc. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 71.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 44,059 shares of the transportation company's stock after selling 109,890 shares during the quarter. Intact Investment Management Inc.'s holdings in Canadian Pacific Kansas City were worth $3,244,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Canadian Pacific Kansas City by 1.3% during the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company's stock valued at $2,884,826,000 after buying an additional 510,633 shares during the period. Invesco Ltd. grew its position in Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company's stock valued at $1,722,841,000 after buying an additional 3,585,030 shares during the period. CIBC Asset Management Inc grew its position in Canadian Pacific Kansas City by 9.1% during the third quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company's stock valued at $623,937,000 after buying an additional 698,705 shares during the period. Legal & General Group Plc grew its position in Canadian Pacific Kansas City by 6.1% during the third quarter. Legal & General Group Plc now owns 7,193,408 shares of the transportation company's stock valued at $535,836,000 after buying an additional 413,042 shares during the period. Finally, Fiera Capital Corp grew its position in Canadian Pacific Kansas City by 3.1% during the third quarter. Fiera Capital Corp now owns 5,864,045 shares of the transportation company's stock valued at $436,581,000 after buying an additional 178,661 shares during the period. Institutional investors own 72.20% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CP. Royal Bank Of Canada reduced their price target on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an "outperform" rating for the company in a research report on Thursday, April 30th. Evercore reduced their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an "outperform" rating for the company in a research report on Thursday, January 29th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 15th. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "moderate buy" rating in a research report on Friday, April 17th. Finally, Sanford C. Bernstein increased their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a "market perform" rating in a research report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target of $95.30.

Canadian Pacific Kansas City Trading Down 3.6%

Shares of CP opened at $83.08 on Tuesday. The firm's 50 day simple moving average is $82.47 and its 200 day simple moving average is $77.14. The company has a market capitalization of $73.75 billion, a P/E ratio of 25.64, a P/E/G ratio of 1.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $89.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.02). The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.90%. The company's revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.06 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.75 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a $0.268 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City's payout ratio is 20.68%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC's core business is freight transportation and related logistics services.

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