Nicola Wealth Management LTD. Purchases 45,100 Shares of Canadian Pacific Kansas City Limited $CP

Nicola Wealth Management LTD. grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 46.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 141,500 shares of the transportation company’s stock after purchasing 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 SEC.

Other large investors have also made changes to their positions in the company. Triasima Portfolio Management inc. bought a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $2,989,000. Dilation Capital Management LP raised its position in shares of Canadian Pacific Kansas City by 4.4% during the third quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after buying an additional 7,105 shares during the last quarter. Vanderbilt University lifted its stake in shares of Canadian Pacific Kansas City by 10.3% in the second quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after buying an additional 7,050 shares during the period. Cardinal Capital Management Inc. lifted its stake in shares of Canadian Pacific Kansas City by 11.6% in the third quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock valued at $111,349,000 after buying an additional 155,640 shares during the period. Finally, Scheer Rowlett & Associates Investment Management Ltd. grew its position in Canadian Pacific Kansas City by 2.2% during the second quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after buying an additional 14,260 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $72.52 on Tuesday. The stock 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. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The stock’s 50-day moving average price is $72.79 and its two-hundred day moving average price is $74.33. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period in the prior year, the business earned $0.99 earnings per share. On average, equities 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 declared a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st were issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.12%.

Wall Street Analyst Weigh In

Several research firms have commented on CP. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Royal Bank Of Canada lowered their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, January 3rd. Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, Natl Bk Canada downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.