Hillsdale Investment Management Inc. Has $11.43 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Hillsdale Investment Management Inc. increased its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 21.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 154,946 shares of the transportation company’s stock after acquiring an additional 27,060 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $11,428,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter worth approximately $35,000. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 205.5% in the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after purchasing an additional 335 shares in the last quarter. Wealth Watch Advisors INC bought a new stake in Canadian Pacific Kansas City in the third quarter worth approximately $36,000. Aventura Private Wealth LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter worth approximately $37,000. Finally, McIlrath & Eck LLC increased its holdings in Canadian Pacific Kansas City by 475.3% in the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after purchasing an additional 423 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Sanford C. Bernstein lifted their target price on Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Scotiabank downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Barclays set a $99.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Citigroup lifted their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.89.

Canadian Pacific Kansas City Trading Down 1.5%

NYSE CP opened at $89.26 on Friday. The company has a market cap of $79.24 billion, a price-to-earnings ratio of 27.55, a P/E/G ratio of 1.94 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52 week low of $68.42 and a 52 week high of $91.46. The business has a 50 day moving average price of $83.32 and a 200-day moving average price of $78.84. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.02). The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company’s revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.06 EPS. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be issued a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 26th. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.68%.

Canadian Pacific Kansas City Company 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.