Canadian Pacific Kansas City Limited (NYSE:CP) Stake Reduced by Blue Trust Inc.

Blue Trust Inc. lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 9.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,367 shares of the transportation company’s stock after selling 146 shares during the period. Blue Trust Inc.’s holdings in Canadian Pacific Kansas City were worth $102,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CP. Lavaca Capital LLC acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $8,077,000. SG Americas Securities LLC increased its holdings in shares of Canadian Pacific Kansas City by 15.3% in the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after buying an additional 12,748 shares in the last quarter. Element Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $7,815,000. Scopus Asset Management L.P. acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter worth about $10,096,000. Finally, WCM Investment Management LLC increased its position in shares of Canadian Pacific Kansas City by 21.8% in the third quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company’s stock worth $2,835,068,000 after acquiring an additional 6,819,305 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.6 %

NYSE:CP opened at $87.54 on Thursday. The business’s 50-day simple moving average is $85.94 and its 200-day simple moving average is $78.53. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $81.63 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 2.65 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last released its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The company had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.22 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This represents a $0.57 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, March 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is 17.83%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CP. Susquehanna Bancshares downgraded Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $87.00 in a research note on Monday, January 8th. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. JPMorgan Chase & Co. dropped their price target on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating on the stock in a research report on Thursday, December 21st. Finally, StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $92.88.

Check Out Our Latest Stock Report on CP

About Canadian Pacific Kansas City

(Free Report)

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.

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Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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