Cumberland Partners Ltd Reduces Position in Canadian Pacific Kansas City Limited $CP

Cumberland Partners Ltd trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 76.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,572 shares of the transportation company’s stock after selling 181,746 shares during the period. Cumberland Partners Ltd’s holdings in Canadian Pacific Kansas City were worth $4,443,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Rothschild & Co Wealth Management UK Ltd boosted its holdings in shares of Canadian Pacific Kansas City by 0.9% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,353,188 shares of the transportation company’s stock worth $394,156,000 after purchasing an additional 48,258 shares during the last quarter. Cardinal Capital Management Inc. increased its holdings in shares of Canadian Pacific Kansas City by 3.7% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,549,556 shares of the transportation company’s stock valued at $114,094,000 after purchasing an additional 55,423 shares during the last quarter. Rathbones Group PLC lifted its position in Canadian Pacific Kansas City by 5.9% during the fourth quarter. Rathbones Group PLC now owns 1,729,339 shares of the transportation company’s stock worth $127,342,000 after buying an additional 95,727 shares in the last quarter. HighTower Advisors LLC boosted its stake in Canadian Pacific Kansas City by 6.2% during the fourth quarter. HighTower Advisors LLC now owns 630,624 shares of the transportation company’s stock worth $46,434,000 after buying an additional 37,044 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $1,983,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $92.40 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $93.95. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $81.78 billion, a P/E ratio of 28.52, a P/E/G ratio of 1.84 and a beta of 1.10. The stock’s fifty day moving average is $88.86 and its two-hundred day moving average is $83.39.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same period last year, the company earned $1.06 EPS. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.69 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 24.07%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Sanford C. Bernstein raised their target price on 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. Wells Fargo & Company boosted their price target on shares of Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a report on Wednesday, July 15th. They issued a “market perform” rating for the company. ATB Cormark Capital Markets cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Finally, Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus price target of $104.91.

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.