Cidel Asset Management Inc. Decreases Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Cidel Asset Management Inc. decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 150,599 shares of the transportation company’s stock after selling 2,248 shares during the quarter. Cidel Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $10,899,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Canadian Pacific Kansas City by 8.7% during the third quarter. GAMMA Investing LLC now owns 2,434 shares of the transportation company’s stock worth $208,000 after acquiring an additional 195 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its stake in Canadian Pacific Kansas City by 4.6% in the 3rd quarter. Dynamic Advisor Solutions LLC now owns 4,334 shares of the transportation company’s stock worth $371,000 after purchasing an additional 190 shares in the last quarter. Atomi Financial Group Inc. grew its position in Canadian Pacific Kansas City by 57.7% during the 3rd quarter. Atomi Financial Group Inc. now owns 6,619 shares of the transportation company’s stock worth $566,000 after purchasing an additional 2,421 shares during the last quarter. CWM LLC increased its stake in Canadian Pacific Kansas City by 5.0% during the 3rd quarter. CWM LLC now owns 7,425 shares of the transportation company’s stock valued at $635,000 after purchasing an additional 352 shares in the last quarter. Finally, First Affirmative Financial Network raised its holdings in shares of Canadian Pacific Kansas City by 16.1% in the third quarter. First Affirmative Financial Network now owns 7,087 shares of the transportation company’s stock worth $606,000 after buying an additional 985 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Citigroup raised their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Susquehanna dropped their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $77.17 on Friday. The company has a market capitalization of $72.04 billion, a PE ratio of 26.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company’s fifty day moving average price is $75.53 and its 200 day moving average price is $78.84. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.39 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is currently 18.62%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.