Addenda Capital Inc. Cuts Stock Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Addenda Capital Inc. cut its stake in Canadian Pacific Kansas City (CP) by 10.5% in Q4, selling 84,098 shares and now holding 718,820 shares worth about $52.93 million (≈0.08% of the company; CP is its 16th-largest holding).
• Analysts hold a consensus rating of “Moderate Buy” on CP with a consensus price target of $92.45, though recent reports show mixed moves—some firms trimmed targets while others affirmed or raised ratings.
• CP announced a quarterly dividend of $0.228 (ex-dividend March 27, payable April 27), implying a $0.91 annualized payout (1.1% yield), and recently reported quarterly EPS of $0.95, missing the $0.99 consensus by $0.04.

Addenda Capital Inc. lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 10.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 718,820 shares of the transportation company's stock after selling 84,098 shares during the period. Canadian Pacific Kansas City comprises approximately 1.9% of Addenda Capital Inc.'s holdings, making the stock its 16th biggest holding. Addenda Capital Inc. owned about 0.08% of Canadian Pacific Kansas City worth $52,927,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Intech Investment Management LLC grew its holdings in Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company's stock valued at $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Sivia Capital Partners LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $206,000. Prudential Financial Inc. grew its holdings in Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company's stock valued at $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Canadian Pacific Kansas City by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company's stock valued at $104,000 after purchasing an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CP shares. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Tuesday, March 3rd. Evercore lowered their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an "outperform" rating for the company in a report on Thursday, January 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $124.00 price target (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $93.00 to $91.00 and set an "overweight" rating for the company in a report on Friday, March 27th. Finally, Sanford C. Bernstein raised their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a "market perform" rating in a report on Tuesday, March 31st. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $92.45.

Canadian Pacific Kansas City Trading Up 1.9%

NYSE CP opened at $81.64 on Thursday. Canadian Pacific Kansas City Limited has a one year low of $66.73 and a one year high of $89.42. The company has a 50-day simple moving average of $81.66 and a 200-day simple moving average of $76.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.41 and a current ratio of 0.49. The firm has a market capitalization of $73.25 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 1.68 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business had revenue of $2.85 billion during the quarter, compared to analyst estimates of $2.85 billion. During the same period last year, the firm posted $1.29 earnings per share. The company's quarterly revenue was up 1.3% on a year-over-year basis. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Friday, March 27th will be given a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.74%.

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.

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