JCIC Asset Management Inc. Buys 1,355 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

JCIC Asset Management Inc. raised its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.0% in the fourth quarter, Holdings Channel reports. The fund owned 68,479 shares of the transportation company’s stock after acquiring an additional 1,355 shares during the period. Canadian Pacific Kansas City comprises approximately 2.0% of JCIC Asset Management Inc.’s holdings, making the stock its 17th biggest position. JCIC Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $4,955,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Grove Bank & Trust boosted its position in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $34,000. Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $38,000. Finally, Kennebec Savings Bank acquired a new position in shares of Canadian Pacific Kansas City during the third quarter valued at $42,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Susquehanna dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Barclays lifted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Sanford C. Bernstein cut their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $93.56.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded down $0.84 on Monday, hitting $73.85. The company’s stock had a trading volume of 1,536,179 shares, compared to its average volume of 2,420,001. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The firm has a market capitalization of $68.93 billion, a P/E ratio of 26.38, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The stock has a fifty day moving average of $75.11 and a two-hundred day moving average of $79.33. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the company posted $0.69 EPS. The firm’s revenue was up 6.3% on a year-over-year basis. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 18.93%.

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.