Intact Investment Management Inc. Trims Holdings in Canadian Pacific Kansas City Limited $CP

Intact Investment Management Inc. reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 78.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 153,949 shares of the transportation company’s stock after selling 548,452 shares during the quarter. Intact Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $11,467,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CP. Twin Peaks Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $27,000. Caldwell Trust Co purchased a new position in shares of Canadian Pacific Kansas City during the third quarter worth $30,000. Acadian Asset Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $35,000. SJS Investment Consulting Inc. acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at $39,000. Finally, Quent Capital LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $46,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CP shares. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Wednesday. Royal Bank Of Canada reduced their price target on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Natl Bk Canada cut shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $92.36.

Canadian Pacific Kansas City Trading Up 0.5%

NYSE CP opened at $72.80 on Monday. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The firm has a 50 day moving average of $72.74 and a two-hundred day moving average of $74.40. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $65.35 billion, a PE ratio of 22.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to analysts’ expectations 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 posted $0.99 earnings per share. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 31st. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.12%.

Canadian Pacific Kansas City 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.