Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by US Bancorp DE

US Bancorp DE cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 190,063 shares of the transportation company’s stock after selling 620 shares during the quarter. US Bancorp DE’s holdings in Canadian Pacific Kansas City were worth $13,755,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CP. Van ECK Associates Corp boosted its position in shares of Canadian Pacific Kansas City by 47.2% in the 3rd quarter. Van ECK Associates Corp now owns 375,295 shares of the transportation company’s stock valued at $29,373,000 after purchasing an additional 120,280 shares during the period. Intact Investment Management Inc. raised its stake in Canadian Pacific Kansas City by 37.3% during the 3rd quarter. Intact Investment Management Inc. now owns 321,441 shares of the transportation company’s stock valued at $27,494,000 after acquiring an additional 87,410 shares during the last quarter. PDS Planning Inc raised its stake in Canadian Pacific Kansas City by 36.6% during the 3rd quarter. PDS Planning Inc now owns 5,758 shares of the transportation company’s stock valued at $493,000 after acquiring an additional 1,543 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at approximately $227,000. Finally, Marks Group Wealth Management Inc raised its stake in Canadian Pacific Kansas City by 5.0% during the 3rd quarter. Marks Group Wealth Management Inc now owns 86,427 shares of the transportation company’s stock valued at $7,393,000 after acquiring an additional 4,113 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Loop Capital downgraded Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Citigroup upped their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Barclays reduced their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Finally, Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $75.80 on Tuesday. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The company has a market capitalization of $70.77 billion, a P/E ratio of 26.14, a PEG ratio of 2.00 and a beta of 0.97. The business has a 50 day moving average price of $76.51 and a 200 day moving average price of $78.55. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

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.