Cidel Asset Management Inc. Decreases Position in Canadian Pacific Kansas City Limited $CP

Cidel Asset Management Inc. reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 45.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,864 shares of the transportation company’s stock after selling 95,916 shares during the period. Cidel Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $8,394,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dilation Capital Management LP lifted its holdings in shares of Canadian Pacific Kansas City by 4.4% in the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after purchasing an additional 7,105 shares during the last quarter. Meixler Investment Management Ltd. acquired a new position in Canadian Pacific Kansas City during the third quarter worth approximately $1,644,000. AGF Management Ltd. lifted its stake in Canadian Pacific Kansas City by 9.9% in the third quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock valued at $149,215,000 after buying an additional 180,419 shares during the last quarter. Nicola Wealth Management LTD. lifted its stake in Canadian Pacific Kansas City by 46.8% in the third quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock valued at $10,539,000 after buying an additional 45,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.3% in the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after acquiring an additional 14,916 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Evercore cut 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. National Bank Financial cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. 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. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Finally, Sanford C. Bernstein increased their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Ten analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $91.82.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $78.93 on Monday. The stock has a fifty day moving average price of $81.18 and a 200 day moving average price of $76.15. 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 company has a market cap of $70.82 billion, a PE ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced 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). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The firm had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The business’s quarterly revenue 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 year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a 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 20.74%.

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.