Canadian Pacific Kansas City Limited $CP Stake Lessened by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,140 shares of the transportation company’s stock after selling 16,806 shares during the period. Hillsdale Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $10,868,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Prosperity Bancshares Inc acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $29,000. McMillan Office Inc. acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $31,000. Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $36,000. Finally, Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CP. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Wells Fargo & Company raised their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $97.00 to $106.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Finally, Barclays set a $102.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, June 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.73.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $91.39 on Tuesday. The business’s 50-day moving average price is $87.69 and its two-hundred day moving average price is $82.33. 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 one year low of $68.42 and a one year high of $91.56. The company has a market capitalization of $80.88 billion, a P/E ratio of 28.21, a price-to-earnings-growth ratio of 1.78 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same period last year, the business earned $1.06 earnings per share. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.71 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company 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 $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.07%.

About Canadian Pacific Kansas City

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.