Grove Bank & Trust Grows Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Grove Bank & Trust raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 56.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 362 shares of the transportation company’s stock after purchasing an additional 130 shares during the period. Grove Bank & Trust’s holdings in Canadian Pacific Kansas City were worth $31,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CP. LRI Investments LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $32,000. Chris Bulman Inc bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at about $35,000. ORG Partners LLC purchased a new stake in shares of Canadian Pacific Kansas City in the second quarter worth about $39,000. Tobam bought a new position in shares of Canadian Pacific Kansas City in the first quarter valued at approximately $51,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in Canadian Pacific Kansas City during the second quarter valued at approximately $61,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CP. Sanford C. Bernstein cut their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Evercore ISI raised their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Finally, Jefferies Financial Group cut their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $97.90.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $81.37 on Wednesday. The stock has a market capitalization of $75.92 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The business’s 50 day simple moving average is $82.64 and its two-hundred day simple moving average is $81.77.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 earnings per share. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Canadian Pacific Kansas City Company 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.