Value Partners Investments Inc. Sells 163,018 Shares of Canadian Pacific Kansas City Limited $CP

Value Partners Investments Inc. lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 561,589 shares of the transportation company’s stock after selling 163,018 shares during the quarter. Canadian Pacific Kansas City accounts for about 3.3% of Value Partners Investments Inc.’s portfolio, making the stock its 15th largest position. Value Partners Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $47,973,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Gold Investment Management Ltd. grew its stake in shares of Canadian Pacific Kansas City by 1.0% during the third quarter. Gold Investment Management Ltd. now owns 90,259 shares of the transportation company’s stock valued at $7,686,000 after buying an additional 868 shares during the last quarter. Quantum Financial Partners LLC purchased a new stake in Canadian Pacific Kansas City in the third quarter valued at about $234,000. IFP Advisors Inc boosted its stake in Canadian Pacific Kansas City by 174.0% in the 3rd quarter. IFP Advisors Inc now owns 15,394 shares of the transportation company’s stock worth $1,310,000 after purchasing an additional 9,775 shares in the last quarter. New England Research & Management Inc. lifted its stake in shares of Canadian Pacific Kansas City by 1.2% during the third quarter. New England Research & Management Inc. now owns 18,930 shares of the transportation company’s stock worth $1,611,000 after buying an additional 232 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in Canadian Pacific Kansas City by 50.3% during the 3rd quarter. Vontobel Holding Ltd. now owns 1,314,634 shares of the transportation company’s stock valued at $111,965,000 after purchasing an additional 439,924 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP traded down $0.72 during trading hours on Monday, hitting $86.64. 1,661,896 shares of the company’s stock traded hands, compared to its average volume of 2,655,065. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The company has a market capitalization of $75.82 billion, a PE ratio of 27.86, a PEG ratio of 1.84 and a beta of 1.13. The firm’s 50-day moving average is $89.49 and its 200-day moving average is $87.98. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.59 and a quick ratio of 0.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The company had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Friday, September 25th will be given a dividend of C$0.27 per share. The ex-dividend date is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is presently 24.76%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CP. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Citigroup reissued a “cautious” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 7th. Zacks Research upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Finally, Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Two analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $111.83.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP) is a North American transportation company that operates Canadian Pacific Kansas City (CPKC), a Class I freight railway. The company was created in 2023 through the combination of Canadian Pacific and Kansas City Southern, forming the first single-line railroad connecting Canada, the United States and Mexico.

CPKC transports a broad range of freight, including grain and fertilizers, coal, forest products, automotive goods, energy and chemicals, industrial and consumer products, and intermodal shipments.