PCJ Investment Counsel Ltd. Sells 30,960 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• PCJ Investment Counsel Ltd. reduced its stake in Canadian Pacific Kansas City by 38.4%, selling 30,960 shares and retaining 49,580 shares valued at $3.692 million per its latest 13F filing.
• Analysts are mixed but the consensus is a Moderate Buy with an average price target of $92, including recent downgrades and price-target cuts alongside upgrades like Morgan Stanley's move to overweight.
• CPKC reported Q earnings of $0.95 versus $0.99 expected with revenue roughly flat at $2.85 billion, and announced a quarterly dividend of $0.228 ($0.91 annualized) yielding about 1.1%, payable April 27 (record March 27).

PCJ Investment Counsel Ltd. decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 38.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,580 shares of the transportation company's stock after selling 30,960 shares during the period. PCJ Investment Counsel Ltd.'s holdings in Canadian Pacific Kansas City were worth $3,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth $27,000. Caldwell Trust Co bought a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $30,000. Acadian Asset Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $35,000. Cornerstone Planning Group LLC lifted its position in shares of Canadian Pacific Kansas City by 205.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company's stock valued at $36,000 after buying an additional 335 shares in the last quarter. Finally, SJS Investment Consulting Inc. bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter valued at approximately $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Tuesday, March 3rd. Royal Bank Of Canada restated an "outperform" rating and set a $124.00 price objective (down from $127.00) on shares of Canadian Pacific Kansas City in a research report on Thursday, January 29th. Evercore lowered 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 research note on Thursday, January 29th. Morgan Stanley upgraded Canadian Pacific Kansas City from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 8th. Finally, Barclays set a $93.00 price target on Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $92.00.

Canadian Pacific Kansas City Price Performance

CP stock opened at $83.91 on Wednesday. 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 company's fifty day moving average price is $78.54 and its 200-day moving average price is $75.67. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $89.42. The company has a market capitalization of $75.35 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 1.80 and a beta of 1.06.

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

Canadian Pacific Kansas City Dividend Announcement

The company 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. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City's payout ratio is 20.43%.

Canadian Pacific Kansas City 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.

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