Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by JCIC Asset Management Inc.

JCIC Asset Management Inc. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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 about 2.0% of JCIC Asset Management Inc.’s investment portfolio, making the stock its 17th biggest holding. JCIC Asset Management Inc.’s holdings in Canadian Pacific Kansas City were worth $4,955,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CP. QV Investors Inc. lifted its stake in Canadian Pacific Kansas City by 44.0% during the fourth quarter. QV Investors Inc. now owns 346,157 shares of the transportation company’s stock worth $25,051,000 after purchasing an additional 105,815 shares during the last quarter. Asset Allocation & Management Company LLC bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $262,000. Tilia Fiduciary Partners Inc. raised its position in shares of Canadian Pacific Kansas City by 6.2% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 29,176 shares of the transportation company’s stock worth $2,111,000 after purchasing an additional 1,703 shares during the period. First Hawaiian Bank boosted its holdings in shares of Canadian Pacific Kansas City by 3.2% during the fourth quarter. First Hawaiian Bank now owns 13,845 shares of the transportation company’s stock valued at $1,002,000 after acquiring an additional 424 shares during the period. Finally, Fulton Bank N.A. bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $212,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $0.84 during trading hours on Monday, hitting $73.85. 1,536,179 shares of the stock were exchanged, compared to its average volume of 2,420,001. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $91.58. The company’s 50 day moving average is $75.11 and its 200 day moving average is $79.33. The firm has a market capitalization of $68.93 billion, a P/E ratio of 26.38, a P/E/G ratio of 2.26 and a beta of 0.96.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a $0.14 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 18.93%.

Analyst Upgrades and Downgrades

CP has been the subject of several recent analyst reports. Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a report on Friday, October 11th. Citigroup dropped their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. 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. Susquehanna dropped their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Evercore ISI lifted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $93.56.

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.