New York State Common Retirement Fund Lowers Holdings in Canadian Pacific Kansas City Limited $CP

New York State Common Retirement Fund trimmed its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.3% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 122,854 shares of the transportation company’s stock after selling 11,142 shares during the period. New York State Common Retirement Fund’s holdings in Canadian Pacific Kansas City were worth $9,151,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. TD Waterhouse Canada Inc. raised its position in Canadian Pacific Kansas City by 3.1% during the third quarter. TD Waterhouse Canada Inc. now owns 1,664,411 shares of the transportation company’s stock valued at $124,463,000 after purchasing an additional 49,731 shares in the last quarter. AustralianSuper Pty Ltd lifted its holdings in shares of Canadian Pacific Kansas City by 27.4% in the 3rd quarter. AustralianSuper Pty Ltd now owns 9,951 shares of the transportation company’s stock worth $741,000 after acquiring an additional 2,143 shares during the last quarter. Truist Financial Corp raised its position in Canadian Pacific Kansas City by 1.2% in the 3rd quarter. Truist Financial Corp now owns 57,542 shares of the transportation company’s stock worth $4,286,000 after purchasing an additional 671 shares during the period. Markel Group Inc. bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $2,309,000. Finally, Nicola Wealth Management LTD. lifted its stake in shares of Canadian Pacific Kansas City by 46.8% in the 3rd quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock valued at $10,539,000 after acquiring an additional 45,100 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 2.1%

NYSE:CP opened at $76.59 on Wednesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63. The firm has a market cap of $68.75 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.58 and a beta of 1.10. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The firm has a 50-day simple moving average of $73.33 and a two-hundred day simple moving average of $74.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.85 billion. During the same period last year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date of this dividend is Friday, March 27th. This represents a $0.91 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.43%.

Analyst Ratings Changes

CP has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Natl Bk Canada lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 8th. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a report on Thursday, October 30th. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Finally, Susquehanna set a $87.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $92.00.

About Canadian Pacific Kansas City

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.