Pacific Heights Asset Management LLC Buys 35,000 Shares of Canadian Pacific Kansas City Limited $CP

Pacific Heights Asset Management LLC boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 21.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 200,000 shares of the transportation company’s stock after purchasing an additional 35,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Canadian Pacific Kansas City were worth $14,898,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Triasima Portfolio Management inc. acquired a new position in Canadian Pacific Kansas City during the second quarter valued at approximately $2,989,000. Vanderbilt University boosted its holdings in shares of Canadian Pacific Kansas City by 10.3% in the 2nd quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock valued at $5,982,000 after purchasing an additional 7,050 shares in the last quarter. Cardinal Capital Management Inc. increased its stake in shares of Canadian Pacific Kansas City by 11.6% in the 3rd quarter. Cardinal Capital Management Inc. now owns 1,494,133 shares of the transportation company’s stock valued at $111,349,000 after purchasing an additional 155,640 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in shares of Canadian Pacific Kansas City by 2.2% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 648,343 shares of the transportation company’s stock worth $51,410,000 after buying an additional 14,260 shares in the last quarter. Finally, Key Financial Inc acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth $371,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $72.58 on Tuesday. The company has a market capitalization of $65.15 billion, a price-to-earnings ratio of 22.13, a PEG ratio of 1.60 and a beta of 1.10. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The stock has a fifty day simple moving average of $72.71 and a 200 day simple moving average of $74.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the firm posted $0.99 earnings per share. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a $0.228 dividend. The ex-dividend date is Wednesday, December 31st. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.12%.

Analyst Ratings Changes

Several analysts recently weighed in on CP shares. Evercore ISI reduced their price objective on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Royal Bank Of Canada reduced their price target on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. Citigroup set a $88.00 price objective on shares of Canadian Pacific Kansas City and gave the stock a “buy” rating in a research report on Thursday, January 8th. Natl Bk Canada downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $92.36.

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.