Blue Trust Inc. Lowers Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Blue Trust Inc. trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 65.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 969 shares of the transportation company’s stock after selling 1,812 shares during the quarter. Blue Trust Inc.’s holdings in Canadian Pacific Kansas City were worth $70,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Tower View Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 0.3% during the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after buying an additional 130 shares during the period. Pinnacle Bancorp Inc. grew its stake in Canadian Pacific Kansas City by 13.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after buying an additional 150 shares during the period. Forte Capital LLC ADV grew its stake in Canadian Pacific Kansas City by 2.4% during the third quarter. Forte Capital LLC ADV now owns 7,415 shares of the transportation company’s stock worth $634,000 after buying an additional 173 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its stake in Canadian Pacific Kansas City by 12.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock worth $118,000 after buying an additional 175 shares during the period. Finally, Kolinsky Wealth Management LLC grew its stake in Canadian Pacific Kansas City by 3.9% during the third quarter. Kolinsky Wealth Management LLC now owns 4,932 shares of the transportation company’s stock worth $422,000 after buying an additional 184 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $77.32 on Monday. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month 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 0.42. The company has a 50-day moving average of $76.02 and a 200-day moving average of $78.60. The firm has a market cap of $72.19 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 18.62%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CP shares. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company decreased their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Royal Bank of Canada upped their target price on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Finally, Stifel Nicolaus decreased their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

About Canadian Pacific Kansas City

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.