Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,484,631 shares of the transportation company’s stock after selling 36,927 shares during the quarter. National Bank of Canada FI owned about 0.16% of Canadian Pacific Kansas City worth $117,076,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. Commonwealth Equity Services LLC lifted its holdings in shares of Canadian Pacific Kansas City by 0.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 51,089 shares of the transportation company’s stock worth $3,802,000 after acquiring an additional 148 shares during the period. Stratos Wealth Partners LTD. boosted its holdings in shares of Canadian Pacific Kansas City by 7.7% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 11,009 shares of the transportation company’s stock valued at $819,000 after purchasing an additional 785 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Canadian Pacific Kansas City by 3.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,290,339 shares of the transportation company’s stock valued at $96,014,000 after buying an additional 38,061 shares during the period. Brown Advisory Inc. increased its holdings in shares of Canadian Pacific Kansas City by 1.5% during the 3rd quarter. Brown Advisory Inc. now owns 15,257 shares of the transportation company’s stock worth $1,135,000 after buying an additional 229 shares during the last quarter. Finally, Veracity Capital LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth $215,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP traded up $0.17 during trading on Friday, reaching $79.73. The stock had a trading volume of 2,008,908 shares, compared to its average volume of 2,302,688. The stock has a 50 day moving average of $86.39 and a two-hundred day moving average of $80.15. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The firm has a market capitalization of $74.36 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.15 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, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a research report on Thursday, April 25th. Bank of America dropped their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Barclays upped their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Evercore ISI dropped their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research note on Thursday, April 25th. Finally, Jefferies Financial Group initiated 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 on the stock. Twelve research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $96.42.

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.