Canadian Pacific Kansas City Limited $CP Stock Position Lowered by Cidel Asset Management Inc.

Cidel Asset Management Inc. trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 35.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 255,538 shares of the transportation company’s stock after selling 142,787 shares during the period. Canadian Pacific Kansas City accounts for 1.1% of Cidel Asset Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Cidel Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $22,147,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Integrated Wealth Concepts LLC increased its holdings in shares of Canadian Pacific Kansas City by 24.0% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 17,773 shares of the transportation company’s stock valued at $1,540,000 after purchasing an additional 3,438 shares during the period. RFG Advisory LLC grew its position in Canadian Pacific Kansas City by 2.3% during the second quarter. RFG Advisory LLC now owns 7,499 shares of the transportation company’s stock valued at $650,000 after purchasing an additional 168 shares in the last quarter. Waverly Advisors LLC increased its stake in Canadian Pacific Kansas City by 2.2% in the 2nd quarter. Waverly Advisors LLC now owns 10,795 shares of the transportation company’s stock valued at $935,000 after buying an additional 231 shares during the period. Nykredit A S purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth approximately $17,616,000. Finally, HighTower Advisors LLC lifted its position in Canadian Pacific Kansas City by 1.4% in the 2nd quarter. HighTower Advisors LLC now owns 747,038 shares of the transportation company’s stock worth $64,731,000 after buying an additional 10,391 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 16th. Evercore set a $99.00 target price on Canadian Pacific Kansas City in a research note on Thursday, July 30th. Wells Fargo & Company raised their price target on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Citizens Jmp began coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Susquehanna increased their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a report on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Trading Down 0.5%

Canadian Pacific Kansas City stock opened at $91.13 on Wednesday. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90. The company’s fifty day moving average price is $91.58 and its two-hundred day moving average price is $87.12. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50. The company has a market capitalization of $80.05 billion, a price-to-earnings ratio of 29.30, a PEG ratio of 1.91 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 24.76%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates the Canadian Pacific Kansas City (CPKC) railway. Headquartered in Calgary, Alberta, the company provides rail transportation and logistics services for freight customers across Canada, the United States and Mexico.

CPKC transports a broad range of commodities and products, including grain and fertilizers, coal, energy and chemicals, forest products, metals and minerals, automotive goods, industrial and consumer products, and intermodal freight.