Truist Financial Corp Has $5.02 Million Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Truist Financial Corp lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 69,348 shares of the transportation company’s stock after selling 7,231 shares during the period. Truist Financial Corp’s holdings in Canadian Pacific Kansas City were worth $5,019,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Blue Zone Wealth Advisors LLC lifted its stake in Canadian Pacific Kansas City by 4.2% in the 4th quarter. Blue Zone Wealth Advisors LLC now owns 54,043 shares of the transportation company’s stock valued at $3,911,000 after purchasing an additional 2,187 shares during the last quarter. Secured Retirement Advisors LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $873,000. Allworth Financial LP lifted its position in shares of Canadian Pacific Kansas City by 674.0% in the fourth quarter. Allworth Financial LP now owns 85,754 shares of the transportation company’s stock valued at $6,725,000 after buying an additional 74,674 shares during the last quarter. Principal Securities Inc. boosted its stake in shares of Canadian Pacific Kansas City by 8.5% during the 4th quarter. Principal Securities Inc. now owns 7,764 shares of the transportation company’s stock worth $562,000 after acquiring an additional 610 shares during the period. Finally, Roxbury Financial LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $89,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $77.32 on Monday. 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 market cap of $72.19 billion, a PE ratio of 26.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. The company has a 50 day moving average of $76.02 and a 200-day moving average of $78.60. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, equities research 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend 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 (DPR) is presently 18.62%.

Analysts Set New Price Targets

CP has been the subject of a number of research analyst reports. Susquehanna reduced their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a report on Wednesday, January 8th. Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Wells Fargo & Company cut their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Finally, Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus 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.