Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Ossiam

Ossiam lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 92,238 shares of the transportation company’s stock after selling 8,368 shares during the period. Ossiam’s holdings in Canadian Pacific Kansas City were worth $8,140,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CP. Vanguard Group Inc. lifted its stake in shares of Canadian Pacific Kansas City by 1.7% in the first quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock worth $3,079,474,000 after acquiring an additional 588,701 shares in the last quarter. TD Asset Management Inc boosted its stake in shares of Canadian Pacific Kansas City by 2.5% during the 1st quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock valued at $1,915,196,000 after buying an additional 532,303 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of Canadian Pacific Kansas City by 5.9% during the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company’s stock valued at $1,122,370,000 after buying an additional 787,608 shares during the last quarter. Veritas Asset Management LLP grew its position in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock worth $1,062,148,000 after buying an additional 243,210 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $979,890,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Evercore ISI reduced their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Barclays reduced their target price on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Sanford C. Bernstein boosted their price target on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a report on Monday, July 8th. Stifel Nicolaus raised their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $95.70.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded down $0.11 on Thursday, hitting $80.95. The company’s stock had a trading volume of 1,372,848 shares, compared to its average volume of 2,160,042. The company has a market capitalization of $75.53 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 2.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The stock’s 50-day moving average is $79.71 and its two-hundred day moving average is $82.57.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.16 EPS for the current year.

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.