Canadian Pacific Kansas City Limited $CP Shares Purchased by Cumberland Partners Ltd

Cumberland Partners Ltd boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 392,406 shares of the transportation company’s stock after acquiring an additional 13,467 shares during the quarter. Canadian Pacific Kansas City comprises 2.2% of Cumberland Partners Ltd’s investment portfolio, making the stock its 14th biggest holding. Cumberland Partners Ltd’s holdings in Canadian Pacific Kansas City were worth $31,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Frank Rimerman Advisors LLC lifted its stake in shares of Canadian Pacific Kansas City by 0.8% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after acquiring an additional 139 shares during the period. Redmond Asset Management LLC lifted its position in Canadian Pacific Kansas City by 0.5% in the first quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock valued at $2,220,000 after purchasing an additional 148 shares during the period. Accretive Wealth Partners LLC boosted its holdings in Canadian Pacific Kansas City by 1.3% in the 2nd quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after purchasing an additional 157 shares in the last quarter. Lindbrook Capital LLC increased its position in Canadian Pacific Kansas City by 6.3% during the 1st quarter. Lindbrook Capital LLC now owns 2,708 shares of the transportation company’s stock worth $190,000 after purchasing an additional 161 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. raised its stake in shares of Canadian Pacific Kansas City by 9.0% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,153 shares of the transportation company’s stock worth $171,000 after buying an additional 177 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.3%

Shares of CP opened at $69.34 on Thursday. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $83.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The firm has a 50 day simple moving average of $74.09 and a 200-day simple moving average of $76.73. The stock has a market cap of $62.21 billion, a price-to-earnings ratio of 21.14, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period last year, the firm earned $0.99 earnings per share. Equities analysts forecast 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, January 26th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is 20.12%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CP. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Susquehanna set a $87.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, September 18th. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Finally, Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $91.69.

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.