Cannell & Spears LLC Acquires 51,908 Shares of Canadian Pacific Kansas City Limited $CP

Cannell & Spears LLC raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 70.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 125,987 shares of the transportation company’s stock after buying an additional 51,908 shares during the quarter. Cannell & Spears LLC’s holdings in Canadian Pacific Kansas City were worth $9,385,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Dilation Capital Management LP raised its stake in Canadian Pacific Kansas City by 4.4% during the 3rd quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after purchasing an additional 7,105 shares during the last quarter. Meixler Investment Management Ltd. acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter worth $1,644,000. AGF Management Ltd. grew its position in Canadian Pacific Kansas City by 9.9% in the 3rd quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock worth $149,215,000 after purchasing an additional 180,419 shares during the last quarter. Nicola Wealth Management LTD. increased its holdings in shares of 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 worth $10,539,000 after purchasing an additional 45,100 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Canadian Pacific Kansas City by 1.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock worth $83,985,000 after purchasing an additional 14,916 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $81.33 on Friday. The firm has a market cap of $73.03 billion, a P/E ratio of 25.18, a price-to-earnings-growth ratio of 1.72 and a beta of 1.06. The firm’s 50-day simple moving average is $79.02 and its 200-day simple moving average is $75.81. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $89.42. 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 (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.04). The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. Canadian Pacific Kansas City had a return on equity of 8.91% and a net margin of 27.49%.The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period last year, the company earned $1.29 EPS. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be issued a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.43%.

Analyst Ratings Changes

Several research firms recently weighed in on CP. Evercore reduced their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Citigroup lowered their price target on Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. National Bank Financial cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.00.

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.