Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by American Trust

American Trust cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,453 shares of the transportation company’s stock after selling 735 shares during the quarter. American Trust’s holdings in Canadian Pacific Kansas City were worth $573,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. FIL Ltd raised its position in Canadian Pacific Kansas City by 2.4% in the first quarter. FIL Ltd now owns 30,263,794 shares of the transportation company’s stock worth $2,330,353,000 after acquiring an additional 698,587 shares in the last quarter. Vanguard Group Inc. raised its holdings in Canadian Pacific Kansas City by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock worth $2,496,807,000 after buying an additional 695,215 shares during the period. Mackenzie Financial Corp raised its holdings in Canadian Pacific Kansas City by 7.8% during the 1st quarter. Mackenzie Financial Corp now owns 15,258,466 shares of the transportation company’s stock worth $1,174,866,000 after buying an additional 1,102,823 shares during the period. Norges Bank acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $1,136,503,000. Finally, 1832 Asset Management L.P. raised its holdings in Canadian Pacific Kansas City by 2.3% during the 1st quarter. 1832 Asset Management L.P. now owns 13,216,561 shares of the transportation company’s stock worth $1,016,882,000 after buying an additional 294,744 shares during the period. 67.93% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. The Goldman Sachs Group assumed coverage on Canadian Pacific Kansas City in a report on Tuesday, June 6th. They set a “buy” rating on the stock. Credit Suisse Group boosted their price objective on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the stock a “neutral” rating in a report on Wednesday, August 9th. CSFB lifted their target price on Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a research note on Wednesday, August 9th. Susquehanna lifted their target price on Canadian Pacific Kansas City from $95.00 to $98.00 and gave the company a “positive” rating in a research note on Friday, July 28th. Finally, StockNews.com assumed coverage on Canadian Pacific Kansas City in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $92.87.

Canadian Pacific Kansas City Stock Up 2.4 %

Shares of Canadian Pacific Kansas City stock opened at $79.89 on Friday. The stock has a market capitalization of $74.42 billion, a P/E ratio of 23.22, a PEG ratio of 2.69 and a beta of 1.01. The company has a quick ratio of 0.58, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. The stock has a 50 day moving average price of $79.88 and a two-hundred day moving average price of $78.80. Canadian Pacific Kansas City Limited has a 12-month low of $65.17 and a 12-month high of $85.40.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Thursday, July 27th. The transportation company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.07). Canadian Pacific Kansas City had a return on equity of 8.92% and a net margin of 41.92%. The business had revenue of $2.36 billion for the quarter, compared to analyst estimates of $2.47 billion. Equities analysts expect that Canadian Pacific Kansas City Limited will post 2.92 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.1437 per share. The ex-dividend date is Thursday, September 28th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.72%. Canadian Pacific Kansas City’s payout ratio is 16.57%.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.