Massachusetts Financial Services Co. MA Lowers Stake in Canadian Pacific Kansas City Limited $CP

Key Points

• Massachusetts Financial Services cut its stake in Canadian Pacific Kansas City by 33.7% in Q4, selling 2,609,742 shares and now holds 5,137,343 shares (about 0.57%) valued at roughly $378.3 million.
• CPKC reported Q4 EPS of $0.95, missing estimates of $0.99 while revenue was $2.85 billion in line with expectations; revenue rose 1.3% year-over-year and net margin was 27.49%.
• The company declared a quarterly dividend of $0.228 (annualized $0.91, yield 1.1%) with an ex-dividend date of March 27, and the stock carries a MarketBeat consensus of "Moderate Buy" with a $92.45 target.

Massachusetts Financial Services Co. MA reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 33.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 5,137,343 shares of the transportation company's stock after selling 2,609,742 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.57% of Canadian Pacific Kansas City worth $378,263,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company's stock worth $2,884,826,000 after purchasing an additional 510,633 shares during the last quarter. Invesco Ltd. grew its position in Canadian Pacific Kansas City by 18.3% during the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company's stock worth $1,722,841,000 after purchasing an additional 3,585,030 shares during the last quarter. CIBC Asset Management Inc grew its position in Canadian Pacific Kansas City by 9.1% during the 3rd quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company's stock worth $623,937,000 after purchasing an additional 698,705 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Canadian Pacific Kansas City by 6.1% in 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 acquiring an additional 413,042 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Canadian Pacific Kansas City by 3.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,021,956 shares of the transportation company's stock valued at $450,623,000 after acquiring an additional 187,066 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Down 0.6%

Shares of NYSE:CP opened at $80.69 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $89.42. The firm's 50-day simple moving average is $81.90 and its 200-day simple moving average is $76.34. The company has a market cap of $72.00 billion, a price-to-earnings ratio of 24.98, a PEG ratio of 1.73 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The company had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the business earned $1.29 EPS. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.74%.

Wall Street Analyst Weigh In

CP has been the topic of several analyst reports. Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $86.00 to $93.00 and gave the company a "buy" rating in a report on Tuesday, April 7th. Barclays lowered their target price on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday, March 27th. National Bank Financial downgraded shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 8th. Sanford C. Bernstein lifted their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a "market perform" rating in a report on Tuesday, March 31st. Finally, Scotiabank downgraded shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a report on Thursday. Eight investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus target price of $92.45.

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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