Cumberland Partners Ltd Sells 7,151 Shares of Canadian Pacific Kansas City Limited $CP

Cumberland Partners Ltd trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 385,255 shares of the transportation company’s stock after selling 7,151 shares during the quarter. Canadian Pacific Kansas City makes up 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Twin Peaks Wealth Advisors LLC bought a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $27,000. Caldwell Trust Co bought a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $30,000. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Cornerstone Planning Group LLC boosted its position in Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares during the period. Finally, SJS Investment Consulting Inc. acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $39,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CP. Morgan Stanley raised shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup decreased their target price on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Finally, Barclays set a $93.00 price objective on Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $92.00.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock opened at $83.84 on Thursday. The firm has a market cap of $75.27 billion, a PE ratio of 25.96, a price-to-earnings-growth ratio of 1.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The stock’s fifty 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 one year low of $66.49 and a one year high of $85.15.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results 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 return on equity of 8.88% and a net margin of 27.49%.The company had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the company posted $1.29 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company 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 $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.43%.

Canadian Pacific Kansas City Company 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.