Cumberland Partners Ltd Cuts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Cumberland Partners Ltd reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.5% in the 4th quarter, HoldingsChannel reports. The firm owned 441,482 shares of the transportation company’s stock after selling 11,505 shares during the period. Canadian Pacific Kansas City comprises approximately 2.8% of Cumberland Partners Ltd’s holdings, making the stock its 12th largest position. Cumberland Partners Ltd’s holdings in Canadian Pacific Kansas City were worth $32,942,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in CP. YCG LLC increased its holdings in Canadian Pacific Kansas City by 32.5% in the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after buying an additional 91,276 shares in the last quarter. SG Americas Securities LLC increased its holdings in Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after buying an additional 12,748 shares in the last quarter. Element Capital Management LLC purchased a new position in Canadian Pacific Kansas City in the third quarter valued at about $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Canadian Pacific Kansas City by 5.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after buying an additional 14,557 shares in the last quarter. Finally, Asset Management One Co. Ltd. purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $5,392,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, April 10th. Raymond James raised their price objective on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price objective for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $97.22.

Canadian Pacific Kansas City Trading Up 1.5 %

Shares of CP traded up $1.30 during mid-day trading on Tuesday, reaching $87.72. The company had a trading volume of 3,195,213 shares, compared to its average volume of 2,054,491. The stock has a market cap of $81.81 billion, a price-to-earnings ratio of 27.94, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. The firm has a fifty day simple moving average of $87.24 and a 200-day simple moving average of $79.71. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 annualized dividend and a dividend yield of 0.65%. Canadian Pacific Kansas City’s payout ratio is presently 17.83%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.