Pinnacle Associates Ltd. Sells 7,306 Shares of Canadian Pacific Kansas City Limited $CP

Pinnacle Associates Ltd. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 235,675 shares of the transportation company’s stock after selling 7,306 shares during the period. Pinnacle Associates Ltd.’s holdings in Canadian Pacific Kansas City were worth $17,353,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at approximately $35,000. Cornerstone Planning Group LLC lifted its position in Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after acquiring an additional 335 shares in the last quarter. Wealth Watch Advisors INC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at approximately $36,000. Aventura Private Wealth LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $37,000. Finally, McIlrath & Eck LLC lifted its position in Canadian Pacific Kansas City by 475.3% in the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock valued at $38,000 after acquiring an additional 423 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $85.58 on Thursday. The business’s fifty day moving average price is $82.29 and its 200-day moving average price is $77.58. The stock has a market capitalization of $75.97 billion, a price-to-earnings ratio of 26.41, a PEG ratio of 1.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $89.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data 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 company had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the company earned $1.06 earnings per share. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.75 earnings per share 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. Stockholders of record on Friday, June 26th will be paid a $0.268 dividend. This is a positive change 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 dividend yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Analyst Upgrades and Downgrades

CP has been the topic of several analyst reports. Sanford C. Bernstein upped their price objective on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. ATB Cormark Capital Markets cut Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $95.30.

About Canadian Pacific Kansas City

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.