Cumberland Partners Ltd Trims Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Cumberland Partners Ltd lessened its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 441,482 shares of the transportation company’s stock after selling 11,505 shares during the quarter. Canadian Pacific Kansas City accounts for 2.8% of Cumberland Partners Ltd’s portfolio, making the stock its 12th biggest holding. Cumberland Partners Ltd’s holdings in Canadian Pacific Kansas City were worth $32,942,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sands Capital Management LLC purchased a new stake in Canadian Pacific Kansas City in the third quarter worth about $31,000. AdvisorNet Financial Inc increased its position in Canadian Pacific Kansas City by 452.1% in the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock worth $39,000 after buying an additional 425 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $40,000. Independence Bank of Kentucky purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $43,000. Finally, McGlone Suttner Wealth Management Inc. purchased a new stake in Canadian Pacific Kansas City in the fourth quarter worth about $45,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.5 %

CP stock traded up $1.30 during midday trading on Tuesday, reaching $87.72. 3,195,213 shares of the company traded hands, compared to its average volume of 2,054,491. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53. The business has a 50 day moving average of $87.24 and a 200-day moving average of $79.71. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The firm has a market capitalization of $81.81 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.17 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The firm had revenue of $2.77 billion for the quarter, compared to the consensus estimate of $2.71 billion. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be issued a $0.1415 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.65%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.83%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CP. Stifel Nicolaus upped their price objective on Canadian Pacific Kansas City from $80.00 to $83.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Barclays upped their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research note on Thursday, April 4th. Jefferies Financial Group began coverage on Canadian Pacific Kansas City in a research note on Monday, April 8th. They issued a “buy” rating and a $105.00 price objective for the company. Finally, Bank of America upped their price objective on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a research note on Wednesday, April 10th. Twelve investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $97.22.

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.