CIBC Private Wealth Group LLC Lowers Position in Canadian Pacific Kansas City Limited $CP

CIBC Private Wealth Group LLC decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 90.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 44,314 shares of the transportation company’s stock after selling 419,302 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Canadian Pacific Kansas City were worth $3,301,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth $27,000. Caldwell Trust Co purchased a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $30,000. Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth about $36,000. Cornerstone Planning Group LLC lifted its position in shares of Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after buying an additional 335 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter worth about $35,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 0.3%

Shares of NYSE CP opened at $78.22 on Friday. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $89.42. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The business’s 50 day moving average is $79.80 and its two-hundred day moving average is $75.94. The stock has a market capitalization of $70.24 billion, a P/E ratio of 24.22, a PEG ratio of 1.66 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.29 earnings per share. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

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

Analyst Ratings Changes

CP has been the subject of several research analyst reports. Evercore cut their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a report on Thursday, January 29th. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.