Jackson Square Partners LLC Lowers Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Jackson Square Partners LLC sold 3,427 shares of Canadian Pacific Kansas City Limited, reducing its stake by 4.0% to own 81,424 shares valued at approximately $5.7 million.
• Canadian Pacific recently increased its quarterly dividend to $0.1651 per share, translating to an annualized payout of $0.66 and a yield of 0.9%.
• Wall Street analysts have mixed ratings on Canadian Pacific, with an average target price of $92.30 and a consensus rating of "Moderate Buy."

Jackson Square Partners LLC reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 81,424 shares of the transportation company's stock after selling 3,427 shares during the period. Jackson Square Partners LLC's holdings in Canadian Pacific Kansas City were worth $5,717,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CP. Cornerstone Planning Group LLC grew its stake in shares of Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after buying an additional 256 shares during the period. North Capital Inc. purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at $27,000. Cheviot Value Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at $30,000. Bernard Wealth Management Corp. purchased a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $31,000. Finally, Hexagon Capital Partners LLC raised its position in Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after purchasing an additional 164 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CP has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Evercore ISI dropped their price target on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a "buy" rating in a report on Wednesday, July 9th. Bank of America lifted their price target on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $92.30.

Canadian Pacific Kansas City Trading Down 1.0%

NYSE CP traded down $0.73 during trading hours on Monday, hitting $74.29. 1,330,764 shares of the company were exchanged, compared to its average volume of 3,238,102. The stock has a 50-day moving average price of $79.18 and a 200 day moving average price of $76.89. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The stock has a market cap of $67.88 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The business had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.05 EPS. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 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, October 27th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.25%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.