Cumberland Partners Ltd Has $37.15 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Cumberland Partners Ltd lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 433,902 shares of the transportation company’s stock after selling 4,968 shares during the quarter. Canadian Pacific Kansas City accounts for 2.6% of Cumberland Partners Ltd’s investment portfolio, making the stock its 10th largest position. Cumberland Partners Ltd’s holdings in Canadian Pacific Kansas City were worth $37,145,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Encompass Capital Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth $11,810,000. Cetera Investment Advisers lifted its holdings in Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock worth $4,874,000 after purchasing an additional 40,380 shares in the last quarter. Magnetar Financial LLC purchased a new stake in Canadian Pacific Kansas City during the 1st quarter worth about $2,629,000. Raymond James & Associates lifted its holdings in Canadian Pacific Kansas City by 1.5% during the 2nd quarter. Raymond James & Associates now owns 778,881 shares of the transportation company’s stock worth $61,321,000 after purchasing an additional 11,416 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Canadian Pacific Kansas City by 398.2% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company’s stock worth $165,419,000 after purchasing an additional 1,678,784 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on CP shares. Citigroup increased their price objective on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Jefferies Financial Group dropped their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Sanford C. Bernstein dropped their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Barclays raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $94.15.

Canadian Pacific Kansas City Trading Down 0.4 %

Shares of CP stock traded down $0.34 during trading hours on Tuesday, reaching $77.06. The company’s stock had a trading volume of 260,337 shares, compared to its average volume of 2,131,709. The stock has a market capitalization of $71.92 billion, a P/E ratio of 27.64, a P/E/G ratio of 2.30 and a beta of 0.98. Canadian Pacific Kansas City Limited has a one year low of $69.08 and a one year high of $91.58. The firm’s fifty day simple moving average is $82.07 and its 200 day simple moving average is $80.77. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.69 EPS. Equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.06 EPS 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 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 19.64%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers.