Canadian Pacific Kansas City Limited $CP Stock Position Increased by Nicola Wealth Management LTD.

Nicola Wealth Management LTD. raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 46.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,500 shares of the transportation company’s stock after acquiring an additional 45,100 shares during the quarter. Nicola Wealth Management LTD.’s holdings in Canadian Pacific Kansas City were worth $10,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $27,000. Caldwell Trust Co acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at approximately $30,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. SJS Investment Consulting Inc. acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $39,000. Finally, Quent Capital LLC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $46,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Natl Bk Canada downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $92.36.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $72.52 on Tuesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The stock’s 50-day moving average is $72.79 and its two-hundred day moving average is $74.33. The firm has a market cap of $65.10 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.61 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.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter last year, the company posted $0.99 EPS. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st were given a $0.228 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Wednesday, December 31st. Canadian Pacific Kansas City’s payout ratio is 20.12%.

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.