Canadian Pacific Kansas City Limited $CP Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 80.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,340 shares of the transportation company’s stock after selling 30,360 shares during the period. Triasima Portfolio Management inc.’s holdings in Canadian Pacific Kansas City were worth $547,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CP. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $27,000. Caldwell Trust Co acquired a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth $30,000. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at $35,000. SJS Investment Consulting Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $39,000. Finally, Quent Capital LLC acquired a new position in Canadian Pacific Kansas City during the third quarter worth $46,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.3%

Shares of CP opened at $72.64 on Tuesday. The business’s fifty day moving average price is $72.71 and its two-hundred day moving average price is $74.65. The firm has a market capitalization of $65.20 billion, a price-to-earnings ratio of 22.07, a PEG ratio of 1.60 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $2.71 billion. During the same period last year, the firm earned $0.99 earnings per share. On average, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.3%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.12%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CP. Evercore ISI lowered their price objective on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Citigroup set a $88.00 price target on Canadian Pacific Kansas City and gave the company a “buy” rating in a report on Thursday, January 8th. Royal Bank Of Canada cut their target price on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, October 30th. Finally, Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.36.

Canadian Pacific Kansas City 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.