Cumberland Partners Ltd Sells 146,937 Shares of Canadian Pacific Kansas City Limited $CP

Cumberland Partners Ltd cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 38.1% during the 4th quarter, HoldingsChannel reports. The firm owned 238,318 shares of the transportation company’s stock after selling 146,937 shares during the period. Canadian Pacific Kansas City comprises 1.1% of Cumberland Partners Ltd’s investment portfolio, making the stock its 25th largest position. Cumberland Partners Ltd’s holdings in Canadian Pacific Kansas City were worth $17,556,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analyst Ratings Changes

CP has been the topic of several recent research reports. Royal Bank Of Canada cut their target price on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, April 30th. Citigroup lifted their target price on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Scotiabank downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 9th. Finally, Sanford C. Bernstein lifted their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $95.89.

Canadian Pacific Kansas City Stock Down 0.5%

NYSE:CP opened at $86.28 on Friday. The firm’s 50 day simple moving average is $82.49 and its 200 day simple moving average is $78.17. 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 one year low of $68.42 and a one year high of $89.42. The company has a market cap of $76.59 billion, a PE ratio of 26.63, a P/E/G ratio of 1.86 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.06 EPS. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a $0.268 dividend. This is an increase 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 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.68%.

Canadian Pacific Kansas City Company 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.