Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,325,238 shares of the transportation company’s stock after selling 312,533 shares during the period. American Century Companies Inc. owned about 0.36% of Canadian Pacific Kansas City worth $261,827,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Delta Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 3.2% in the 1st quarter. Delta Investment Management LLC now owns 4,117 shares of the transportation company’s stock valued at $363,000 after purchasing an additional 126 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Canadian Pacific Kansas City by 12.1% in the 1st quarter. GAMMA Investing LLC now owns 1,229 shares of the transportation company’s stock valued at $108,000 after purchasing an additional 133 shares during the last quarter. Commerce Bank grew its stake in shares of Canadian Pacific Kansas City by 0.3% in the 4th quarter. Commerce Bank now owns 55,566 shares of the transportation company’s stock valued at $4,393,000 after purchasing an additional 144 shares during the last quarter. Accretive Wealth Partners LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.5% in the 4th quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares during the period. Finally, Mayflower Financial Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 1.1% in the 2nd quarter. Mayflower Financial Advisors LLC now owns 13,843 shares of the transportation company’s stock valued at $1,090,000 after buying an additional 147 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CP. Wells Fargo & Company began coverage on Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price target for the company. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Jefferies Financial Group reduced their price target on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Sanford C. Bernstein lifted their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. Finally, Stifel Nicolaus lifted their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $96.36.

Canadian Pacific Kansas City Price Performance

CP stock opened at $86.09 on Thursday. The stock has a 50-day moving average price of $81.39 and a two-hundred day moving average price of $82.49. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The company has a market cap of $80.33 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 2.35 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm’s quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 earnings per share. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

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.