Intact Investment Management Inc. Decreases Holdings in Canadian Pacific Kansas City Limited $CP

Intact Investment Management Inc. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 71.4% during the 4th quarter, HoldingsChannel reports. The fund owned 44,059 shares of the transportation company’s stock after selling 109,890 shares during the quarter. Intact Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $3,244,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CP. Caldwell Trust Co purchased a new position in shares of Canadian Pacific Kansas City during the third quarter worth approximately $30,000. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the first quarter worth approximately $35,000. Cornerstone Planning Group LLC raised its stake in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after acquiring an additional 335 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in shares of Canadian Pacific Kansas City during the third quarter worth approximately $36,000. Finally, Aventura Private Wealth LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth approximately $37,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CP shares. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada decreased their price target on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a research note on Thursday, April 30th. Evercore cut their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, Scotiabank cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.30.

Canadian Pacific Kansas City Stock Down 3.6%

Shares of Canadian Pacific Kansas City stock opened at $83.08 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $89.42. The stock has a market capitalization of $73.75 billion, a price-to-earnings ratio of 25.64, a P/E/G ratio of 1.85 and a beta of 1.09. The company’s 50 day moving average price is $82.47 and its 200-day moving average price is $77.14.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.90% and a net margin of 27.20%.The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the business posted $1.06 EPS. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.75 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, July 27th. Stockholders of record on Friday, June 26th will be issued a $0.268 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 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.