Hillsdale Investment Management Inc. Increases Holdings in Canadian Pacific Kansas City Limited $CP

Hillsdale Investment Management Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 43.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,886 shares of the transportation company’s stock after acquiring an additional 38,435 shares during the period. Hillsdale Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $9,522,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Dilation Capital Management LP increased its stake in Canadian Pacific Kansas City by 4.4% in the third quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock worth $12,683,000 after purchasing an additional 7,105 shares during the period. Meixler Investment Management Ltd. purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at $1,644,000. AGF Management Ltd. grew its holdings in shares of Canadian Pacific Kansas City by 9.9% in the third quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock worth $149,215,000 after purchasing an additional 180,419 shares during the last quarter. Nicola Wealth Management LTD. increased its stake in Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after buying an additional 45,100 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Canadian Pacific Kansas City by 1.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock worth $83,985,000 after buying an additional 14,916 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.5%

Canadian Pacific Kansas City stock opened at $85.14 on Friday. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The firm has a market cap of $76.44 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.80 and a beta of 1.10. The business has a fifty day moving average of $75.74 and a two-hundred day moving average of $74.72. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $85.56.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). The company had revenue of $2.85 billion during the quarter, compared to analysts’ expectations of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.88%. The company’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.29 earnings per share. On average, analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Sunday, February 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Evercore lowered their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $92.00.

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.