PDS Planning Inc Reduces Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

PDS Planning Inc reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,785 shares of the transportation company’s stock after selling 541 shares during the period. PDS Planning Inc’s holdings in Canadian Pacific Kansas City were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CP. Vanguard Group Inc. raised its holdings in Canadian Pacific Kansas City by 1.5% during the third quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company’s stock valued at $2,511,546,000 after acquiring an additional 483,138 shares during the period. FMR LLC boosted its position in Canadian Pacific Kansas City by 1.8% during the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company’s stock valued at $2,304,549,000 after acquiring an additional 553,163 shares in the last quarter. Mackenzie Financial Corp boosted its position in 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 acquiring an additional 787,608 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Canadian Pacific Kansas City by 0.9% during the 3rd quarter. CIBC Asset Management Inc now owns 9,536,530 shares of the transportation company’s stock valued at $711,045,000 after purchasing an additional 86,525 shares during the last quarter. Finally, Bank of Nova Scotia lifted its holdings in shares of Canadian Pacific Kansas City by 0.4% during the 3rd quarter. Bank of Nova Scotia now owns 8,305,174 shares of the transportation company’s stock valued at $617,332,000 after purchasing an additional 36,287 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on CP. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Stifel Nicolaus raised their target price on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Jefferies Financial Group initiated coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 target price for the company. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Hold” and a consensus price target of $97.22.

Canadian Pacific Kansas City Trading Up 1.5 %

CP stock opened at $87.72 on Wednesday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The stock has a market cap of $81.81 billion, a price-to-earnings ratio of 27.94, a PEG ratio of 2.22 and a beta of 0.94. The business’s 50-day moving average is $87.24 and its 200 day moving average is $79.71.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a $0.1415 dividend. This represents a $0.57 annualized dividend and a yield of 0.65%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 17.83%.

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.