Canadian Pacific Kansas City Limited (NYSE:CP) Stake Boosted by Greenleaf Trust

Greenleaf Trust grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.0% during the 4th quarter, HoldingsChannel reports. The fund owned 253,023 shares of the transportation company’s stock after acquiring an additional 12,013 shares during the period. Greenleaf Trust’s holdings in Canadian Pacific Kansas City were worth $20,004,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Ninepoint Partners LP lifted its stake in shares of Canadian Pacific Kansas City by 4.7% in the 4th quarter. Ninepoint Partners LP now owns 21,809 shares of the transportation company’s stock valued at $1,724,000 after purchasing an additional 975 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $206,000. Obermeyer Wood Investment Counsel Lllp acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at $201,000. AIA Group Ltd lifted its stake in shares of Canadian Pacific Kansas City by 15.1% in the 4th quarter. AIA Group Ltd now owns 44,338 shares of the transportation company’s stock valued at $3,505,000 after purchasing an additional 5,826 shares during the last quarter. Finally, Waterfront Wealth Inc. lifted its stake in shares of Canadian Pacific Kansas City by 2.5% in the 4th quarter. Waterfront Wealth Inc. now owns 23,139 shares of the transportation company’s stock valued at $1,829,000 after purchasing an additional 559 shares during the last quarter. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Price Performance

NYSE CP traded up $0.73 on Friday, reaching $84.67. The company’s stock had a trading volume of 1,627,600 shares, compared to its average volume of 2,033,813. The firm has a market cap of $78.96 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 2.15 and a beta of 0.94. The business has a 50-day moving average price of $87.11 and a 200 day moving average price of $79.34. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a $0.1415 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a yield of 0.67%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is presently 17.83%.

Analyst Ratings Changes

Several research firms recently issued reports on CP. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, April 10th. Jefferies Financial Group began coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 target price for the company. JPMorgan Chase & Co. cut their target price on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Barclays boosted their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $95.29.

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.