Cidel Asset Management Inc. Has $12.21 Million Holdings in Canadian Pacific Kansas City Limited $CP

Cidel Asset Management Inc. boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.0% in the second quarter, Holdings Channel reports. The fund owned 153,973 shares of the transportation company’s stock after acquiring an additional 2,975 shares during the period. Cidel Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $12,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of CP. North Capital Inc. acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth $27,000. Cornerstone Planning Group LLC lifted its position in Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. Cheviot Value Management LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth $30,000. Hexagon Capital Partners LLC lifted its position in Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after acquiring an additional 164 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the 1st quarter worth $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CP. Stephens boosted 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 research report on Thursday, July 31st. Susquehanna dropped their price objective on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Finally, Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $91.38.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $76.61 on Friday. The stock has a market cap of $69.47 billion, a P/E ratio of 23.87, a PEG ratio of 2.16 and a beta of 1.08. The company’s 50-day simple moving average is $75.44 and its 200 day simple moving average is $76.68. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The business had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business’s revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 EPS. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Canadian Pacific Kansas City Company 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.