New York State Common Retirement Fund Has $9.15 Million Stock Position in Canadian Pacific Kansas City Limited $CP

New York State Common Retirement Fund decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 122,854 shares of the transportation company’s stock after selling 11,142 shares during the quarter. New York State Common Retirement Fund’s holdings in Canadian Pacific Kansas City were worth $9,151,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CP. TD Waterhouse Canada Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 3.1% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 1,664,411 shares of the transportation company’s stock worth $124,463,000 after buying an additional 49,731 shares during the period. AustralianSuper Pty Ltd grew its position in Canadian Pacific Kansas City by 27.4% during the third quarter. AustralianSuper Pty Ltd now owns 9,951 shares of the transportation company’s stock worth $741,000 after buying an additional 2,143 shares in the last quarter. Truist Financial Corp raised its stake in Canadian Pacific Kansas City by 1.2% in the third quarter. Truist Financial Corp now owns 57,542 shares of the transportation company’s stock valued at $4,286,000 after purchasing an additional 671 shares in the last quarter. Markel Group Inc. bought a new stake in Canadian Pacific Kansas City during the third quarter worth about $2,309,000. Finally, Nicola Wealth Management LTD. grew its stake in Canadian Pacific Kansas City by 46.8% during the third quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after buying an additional 45,100 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $76.59 on Wednesday. The stock’s 50 day moving average is $73.33 and its 200-day moving average is $74.08. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $68.75 billion, a price-to-earnings ratio of 23.71, a PEG ratio of 1.58 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. During the same period last year, the company earned $1.29 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.43%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Barclays set a $93.00 price target on Canadian Pacific Kansas City in a report on Thursday, January 29th. Susquehanna set a $87.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Evercore ISI reduced their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Finally, Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $92.00.

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.