Marathon Asset Management Ltd Reduces Position in Canadian Pacific Kansas City Limited $CP

Marathon Asset Management Ltd cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 528,966 shares of the transportation company’s stock after selling 33,002 shares during the period. Canadian Pacific Kansas City accounts for 1.5% of Marathon Asset Management Ltd’s investment portfolio, making the stock its 26th largest holding. Marathon Asset Management Ltd’s holdings in Canadian Pacific Kansas City were worth $39,079,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock valued at $2,884,826,000 after purchasing an additional 510,633 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Canadian Pacific Kansas City by 18.3% in the 3rd quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after buying an additional 3,585,030 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in shares of Canadian Pacific Kansas City by 9.1% in the 3rd quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company’s stock valued at $623,937,000 after buying an additional 698,705 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Canadian Pacific Kansas City by 6.1% in the 3rd quarter. Legal & General Group Plc now owns 7,193,408 shares of the transportation company’s stock valued at $535,836,000 after buying an additional 413,042 shares in the last quarter. Finally, Fiera Capital Corp boosted its holdings in shares of Canadian Pacific Kansas City by 3.1% in the 3rd quarter. Fiera Capital Corp now owns 5,864,045 shares of the transportation company’s stock valued at $436,581,000 after buying an additional 178,661 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein upped 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. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Royal Bank Of Canada lowered their target price on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, April 30th. Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Finally, National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.89.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of NYSE:CP opened at $86.13 on Wednesday. The stock has a market cap of $76.46 billion, a P/E ratio of 26.58, a P/E/G ratio of 1.85 and a beta of 1.09. The firm has a fifty day moving average price of $82.33 and a 200 day moving average price of $77.92. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The business had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.06 EPS. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a dividend of $0.268 per share. The ex-dividend date is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Canadian Pacific Kansas City Company 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.