Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 312.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,066 shares of the transportation company’s stock after acquiring an additional 100,071 shares during the period. Hillsdale Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $9,552,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $33,000. FSA Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter valued at $34,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $34,000. YANKCOM Partnership acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on CP shares. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Loop Capital lowered Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Barclays decreased their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research note on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $71.83 on Friday. The company has a market cap of $67.07 billion, a P/E ratio of 24.77, a PEG ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $90.56. The business’s 50-day simple moving average is $76.69 and its 200 day simple moving average is $77.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.73%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

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.