Marathon Asset Management Ltd Sells 16,333 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Marathon Asset Management Ltd trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 644,340 shares of the transportation company's stock after selling 16,333 shares during the period. Canadian Pacific Kansas City makes up about 1.4% of Marathon Asset Management Ltd's holdings, making the stock its 24th biggest position. Marathon Asset Management Ltd owned approximately 0.07% of Canadian Pacific Kansas City worth $45,295,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CP. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at $31,000. Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Curio Wealth LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at $39,000. Curat Global LLC acquired a new position in Canadian Pacific Kansas City during the first quarter valued at $42,000. Finally, Parvin Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at $43,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CP. Citigroup dropped their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wall Street Zen lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Evercore ISI dropped their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Royal Bank Of Canada dropped their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $90.95.

Canadian Pacific Kansas City Stock Down 0.9%

Shares of NYSE CP traded down $0.68 during mid-day trading on Friday, reaching $78.32. 5,225,634 shares of the company traded hands, compared to its average volume of 2,811,693. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The stock has a market cap of $72.17 billion, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.13 and a beta of 1.10. The company's fifty day moving average is $78.35 and its two-hundred day moving average is $76.07. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. On average, analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.84%. Canadian Pacific Kansas City's dividend payout ratio is currently 22.30%.

Canadian Pacific Kansas City 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.