Cidel Asset Management Inc. Has $15.63 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

Cidel Asset Management Inc. boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 36.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 209,780 shares of the transportation company’s stock after purchasing an additional 55,807 shares during the quarter. Cidel Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $15,627,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth $27,000. Caldwell Trust Co acquired a new position in Canadian Pacific Kansas City during the 3rd quarter worth about $30,000. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Cornerstone Planning Group LLC boosted its stake in shares of Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 shares during the last quarter. Finally, SJS Investment Consulting Inc. bought a new stake in Canadian Pacific Kansas City during the third quarter valued at $39,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.0%

Canadian Pacific Kansas City stock opened at $83.74 on Friday. The firm has a 50 day simple moving average of $74.77 and a 200 day simple moving average of $74.37. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $85.15. The firm has a market capitalization of $75.16 billion, a price-to-earnings ratio of 25.92, a P/E/G 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, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 8.88% and a net margin of 27.49%.During the same period in the previous year, the business earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue was up 1.3% on a year-over-year basis. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is presently 20.43%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Susquehanna set a $87.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a report on Thursday, January 29th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Finally, Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.