Cumberland Partners Ltd Has $28.69 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Cumberland Partners Ltd lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% during the third quarter, HoldingsChannel reports. The firm owned 385,255 shares of the transportation company’s stock after selling 7,151 shares during the quarter. Canadian Pacific Kansas City accounts for 1.9% of Cumberland Partners Ltd’s holdings, making the stock its 16th largest position. Cumberland Partners Ltd’s holdings in Canadian Pacific Kansas City were worth $28,687,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new stake in Canadian Pacific Kansas City in the second quarter valued at about $1,012,065,000. JPMorgan Chase & Co. boosted its stake in shares of Canadian Pacific Kansas City by 87.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after purchasing an additional 7,454,810 shares in the last quarter. Fisher Asset Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 281.0% during the 2nd quarter. Fisher Asset Management LLC now owns 5,431,316 shares of the transportation company’s stock valued at $430,540,000 after purchasing an additional 4,005,942 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Canadian Pacific Kansas City by 31.3% during the 2nd quarter. Franklin Resources Inc. now owns 11,611,625 shares of the transportation company’s stock valued at $921,881,000 after purchasing an additional 2,765,424 shares during the last quarter. Finally, Invesco Ltd. increased its position in Canadian Pacific Kansas City by 15.1% during the 2nd quarter. Invesco Ltd. now owns 19,543,455 shares of the transportation company’s stock worth $1,549,210,000 after purchasing an additional 2,559,104 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CP shares. National Bank Financial lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Evercore cut their price objective on 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. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Sunday. Barclays set a $93.00 target price on Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Ten investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $92.00.

Canadian Pacific Kansas City Stock Down 0.1%

Shares of CP opened at $83.84 on Thursday. The stock’s 50-day moving average price is $75.35 and its two-hundred day moving average price is $74.58. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $85.15. The company has a market capitalization of $75.27 billion, a PE ratio of 25.96, a PEG ratio of 1.79 and a beta of 1.10. 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 (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion for 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%.Canadian Pacific Kansas City’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.29 earnings per share. On average, analysts anticipate 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. Shareholders of record on Friday, March 27th will be given a dividend of $0.228 per share. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

Canadian Pacific Kansas City 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.