Canadian Pacific Kansas City Limited (NYSE:CP) Position Reduced by Addenda Capital Inc.

Addenda Capital Inc. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 838,197 shares of the transportation company's stock after selling 11,391 shares during the period. Canadian Pacific Kansas City comprises about 2.8% of Addenda Capital Inc.'s portfolio, making the stock its 10th biggest position. Addenda Capital Inc. owned about 0.09% of Canadian Pacific Kansas City worth $58,850,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Up 1.1%

CP traded up $0.87 during trading on Tuesday, reaching $82.24. 2,318,722 shares of the stock traded hands, compared to its average volume of 2,798,136. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $76.52 billion, a PE ratio of 28.36, a P/E/G ratio of 2.00 and a beta of 1.09. The stock's 50-day moving average is $74.94 and its 200 day moving average is $75.41. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a dividend of $0.1644 per share. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.80%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 21.28%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their target price on Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Evercore ISI dropped their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada dropped their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Finally, Barclays lowered their target price on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $90.66.

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.