JCIC Asset Management Inc. Sells 66,819 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

JCIC Asset Management Inc. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 97.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,660 shares of the transportation company's stock after selling 66,819 shares during the period. JCIC Asset Management Inc.'s holdings in Canadian Pacific Kansas City were worth $117,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CP. Bernard Wealth Management Corp. bought a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at $31,000. Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth $36,000. Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $39,000. Parvin Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $43,000. Finally, Curat Global LLC acquired a new stake in shares of Canadian Pacific Kansas City during the first quarter worth $42,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded up $1.27 during mid-day trading on Thursday, reaching $79.18. The company had a trading volume of 3,044,814 shares, compared to its average volume of 2,798,399. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. The firm has a market cap of $72.96 billion, a price-to-earnings ratio of 26.75, a PEG ratio of 2.15 and a beta of 1.10. The company has a 50 day moving average of $78.18 and a 200-day moving average of $76.03. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, meeting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter last year, the company earned $0.93 earnings per share. The firm's revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.83%. Canadian Pacific Kansas City's dividend payout ratio is 17.91%.

Analyst Upgrades and Downgrades

CP has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Wednesday, March 26th. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Finally, Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average price target of $90.95.

Canadian Pacific Kansas City Profile

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.