Whalen Wealth Management Inc. Lowers Holdings in Canadian Pacific Kansas City Limited $CP

Whalen Wealth Management Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 51.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,235 shares of the transportation company’s stock after selling 8,783 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Canadian Pacific Kansas City were worth $606,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dilation Capital Management LP increased its holdings in 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 period. Meixler Investment Management Ltd. purchased a new stake in Canadian Pacific Kansas City during the third quarter worth $1,644,000. AGF Management Ltd. lifted its holdings in Canadian Pacific Kansas City by 9.9% during the third quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock worth $149,215,000 after buying an additional 180,419 shares during the period. Nicola Wealth Management LTD. boosted its position in Canadian Pacific Kansas City by 46.8% during the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock valued at $10,539,000 after acquiring an additional 45,100 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of 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 valued at $83,985,000 after acquiring an additional 14,916 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CP shares. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Tuesday, March 3rd. Evercore cut their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research note on Thursday, January 29th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Finally, Sanford C. Bernstein raised their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the company a “market perform” rating in a report on Tuesday. Ten equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $91.82.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $78.93 on Friday. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43. The firm has a market cap of $70.82 billion, a PE ratio of 24.44, a P/E/G ratio of 1.68 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $89.42. The stock has a fifty day moving average price of $81.18 and a 200-day moving average price of $76.14.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business had revenue of $2.85 billion for the quarter, compared to analysts’ expectations of $2.85 billion. During the same quarter last year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. Equities research analysts predict 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a dividend of $0.228 per share. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 20.74%.

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.