Truist Financial Corp Boosts Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Truist Financial Corp raised its stake in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 11.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,647 shares of the transportation company’s stock after acquiring an additional 13,262 shares during the period. Truist Financial Corp’s holdings in Canadian Pacific Kansas City were worth $9,934,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Sands Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter worth about $31,000. Anchor Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $40,000. Independence Bank of Kentucky bought a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $45,000. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at approximately $70,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. TD Securities cut Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $96.42.

Read Our Latest Analysis on CP

Canadian Pacific Kansas City Stock Up 2.6 %

Shares of NYSE CP opened at $79.58 on Friday. The stock has a 50 day moving average price of $86.52 and a 200 day moving average price of $79.98. The firm has a market capitalization of $74.22 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 2.22 and a beta of 0.96. 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 debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last posted its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm 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%. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a $0.141 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Canadian Pacific Kansas City Company Profile

(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.

Further Reading

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

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