PDS Planning Inc Has $493,000 Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

PDS Planning Inc lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 36.6% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 5,758 shares of the transportation company’s stock after buying an additional 1,543 shares during the period. PDS Planning Inc’s holdings in Canadian Pacific Kansas City were worth $493,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Intact Investment Management Inc. boosted its holdings in Canadian Pacific Kansas City by 37.3% in the third quarter. Intact Investment Management Inc. now owns 321,441 shares of the transportation company’s stock worth $27,494,000 after acquiring an additional 87,410 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Canadian Pacific Kansas City by 47.2% during the third quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company’s stock worth $29,373,000 after purchasing an additional 120,280 shares during the period. Pinnacle Associates Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 347,010 shares of the transportation company’s stock worth $27,435,000 after purchasing an additional 1,542 shares in the last quarter. First Trust Direct Indexing L.P. grew its position in Canadian Pacific Kansas City by 23.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 13,571 shares of the transportation company’s stock valued at $1,161,000 after purchasing an additional 2,552 shares during the period. Finally, Milestones Administradora de Recursos Ltda. bought a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $5,068,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CP shares. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research note on Friday, October 11th. Stephens cut their price target on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Evercore ISI increased their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Citigroup lifted their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Barclays increased their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Canadian Pacific Kansas City Stock Up 1.4 %

CP stock opened at $78.11 on Tuesday. The stock has a fifty day moving average of $82.51 and a 200-day moving average of $80.99. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.08 and a fifty-two week high of $91.58. The company has a market capitalization of $72.90 billion, a price-to-earnings ratio of 27.90, a PEG ratio of 2.29 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the firm earned $0.69 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.05 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s payout ratio is presently 19.64%.

Canadian Pacific Kansas City Profile

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.