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

Hillsdale Investment Management Inc. lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 312.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 132,066 shares of the transportation company's stock after purchasing 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.

Several other institutional investors and hedge funds have also made changes to their positions in CP. Sei Investments Co. boosted its holdings in Canadian Pacific Kansas City by 25.8% in the fourth quarter. Sei Investments Co. now owns 785,351 shares of the transportation company's stock valued at $56,836,000 after purchasing an additional 161,109 shares during the last quarter. Millstone Evans Group LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $36,000. 1620 Investment Advisors Inc. purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $99,000. Ballast Advisors LLC grew its position in shares of Canadian Pacific Kansas City by 3.3% during the fourth quarter. Ballast Advisors LLC now owns 9,494 shares of the transportation company's stock worth $687,000 after buying an additional 305 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in shares of Canadian Pacific Kansas City by 14.2% in the fourth quarter. Whittier Trust Co. now owns 24,527 shares of the transportation company's stock worth $1,775,000 after buying an additional 3,059 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $1.16 on Tuesday, hitting $72.13. The stock had a trading volume of 1,415,214 shares, compared to its average volume of 3,072,137. The company's 50-day moving average is $76.68 and its two-hundred day moving average is $77.78. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $89.26. The stock has a market cap of $67.35 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

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

Canadian Pacific Kansas City Cuts Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on CP. Stifel Nicolaus decreased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a report on Thursday, January 16th. Citigroup boosted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a "buy" rating in a report on Thursday, January 30th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Royal Bank of Canada boosted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Susquehanna reduced their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $95.45.

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.