NewEdge Wealth LLC Sells 7,407 Shares of Canadian Pacific Kansas City Limited $CP

NewEdge Wealth LLC decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,508 shares of the transportation company’s stock after selling 7,407 shares during the quarter. NewEdge Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $1,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CP. Dilation Capital Management LP increased its holdings in shares of Canadian Pacific Kansas City by 4.4% in the third quarter. Dilation Capital Management LP now owns 170,269 shares of the transportation company’s stock valued at $12,683,000 after purchasing an additional 7,105 shares in the last quarter. Meixler Investment Management Ltd. acquired a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $1,644,000. AGF Management Ltd. raised its position in shares of Canadian Pacific Kansas City by 9.9% during the third quarter. AGF Management Ltd. now owns 2,001,292 shares of the transportation company’s stock worth $149,215,000 after acquiring an additional 180,419 shares during the last quarter. Nicola Wealth Management LTD. raised its position in shares of Canadian Pacific Kansas City by 46.8% during the third quarter. Nicola Wealth Management LTD. now owns 141,500 shares of the transportation company’s stock worth $10,539,000 after acquiring an additional 45,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Canadian Pacific Kansas City by 1.3% during the third quarter. Envestnet Asset Management Inc. now owns 1,127,435 shares of the transportation company’s stock valued at $83,985,000 after acquiring an additional 14,916 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of NYSE CP opened at $85.14 on Monday. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $85.56. 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 stock has a market cap of $76.44 billion, a P/E ratio of 26.36, a P/E/G ratio of 1.81 and a beta of 1.10. The firm has a 50 day moving average price of $75.74 and a 200 day moving average price of $74.71.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share 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 firm had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the prior year, the business earned $1.29 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be issued a $0.228 dividend. This represents a $0.91 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio is 20.43%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 8th. Evercore lowered their price target on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Jefferies Financial Group set a $90.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Finally, Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price 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.