Cidel Asset Management Inc. Decreases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Cidel Asset Management Inc. lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 150,599 shares of the transportation company’s stock after selling 2,248 shares during the period. Cidel Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $10,899,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Grove Bank & Trust increased its stake in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares in the last quarter. Addison Advisors LLC grew its holdings in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Finally, Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CP. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Stephens raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Wells Fargo & Company lowered their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Finally, Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Trading Down 1.5 %

Shares of CP stock opened at $77.17 on Friday. The company has a market capitalization of $72.04 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The business’s 50 day moving average is $75.53 and its two-hundred day moving average is $78.84. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.39 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.62%.

About Canadian Pacific Kansas City

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.