Westerkirk Capital Inc. Sells 8,100 Shares of Canadian Pacific Kansas City Limited $CP

Westerkirk Capital Inc. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,900 shares of the transportation company’s stock after selling 8,100 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.1% of Westerkirk Capital Inc.’s portfolio, making the stock its 15th largest holding. Westerkirk Capital Inc.’s holdings in Canadian Pacific Kansas City were worth $9,676,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC purchased a new position in Canadian Pacific Kansas City in the second quarter valued at about $27,000. Caldwell Trust Co bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $30,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Cornerstone Planning Group LLC grew its holdings in Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 shares during the period. Finally, SJS Investment Consulting Inc. purchased a new stake in Canadian Pacific Kansas City in the third quarter worth $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.5%

Shares of CP opened at $85.14 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $85.56. The stock has a market cap of $76.44 billion, a PE ratio of 26.36, a P/E/G ratio of 1.81 and a beta of 1.10. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The business’s 50-day moving average price is $75.74 and its 200-day moving average price is $74.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The firm had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. Canadian Pacific Kansas City’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 earnings per share. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CP. Evercore dropped their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $124.00 target price (down previously from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Finally, Barclays set a $93.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Profile

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.