Hemenway Trust Co LLC Has $968,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Hemenway Trust Co LLC grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,305 shares of the transportation company’s stock after buying an additional 660 shares during the quarter. Hemenway Trust Co LLC’s holdings in Canadian Pacific Kansas City were worth $968,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Atomi Financial Group Inc. raised its stake in shares of Canadian Pacific Kansas City by 18.4% in the first quarter. Atomi Financial Group Inc. now owns 4,092 shares of the transportation company’s stock worth $361,000 after acquiring an additional 637 shares during the last quarter. Inspire Investing LLC lifted its holdings in Canadian Pacific Kansas City by 2.4% during the 1st quarter. Inspire Investing LLC now owns 12,834 shares of the transportation company’s stock worth $1,132,000 after buying an additional 298 shares in the last quarter. QRG Capital Management Inc. boosted its position in Canadian Pacific Kansas City by 1.4% in the 1st quarter. QRG Capital Management Inc. now owns 12,867 shares of the transportation company’s stock valued at $1,135,000 after buying an additional 175 shares during the last quarter. Bleakley Financial Group LLC raised its position in shares of Canadian Pacific Kansas City by 3.8% during the first quarter. Bleakley Financial Group LLC now owns 4,344 shares of the transportation company’s stock worth $383,000 after acquiring an additional 161 shares during the last quarter. Finally, Hudson Value Partners LLC lifted its stake in shares of Canadian Pacific Kansas City by 273.4% during the first quarter. Hudson Value Partners LLC now owns 53,967 shares of the transportation company’s stock valued at $4,763,000 after acquiring an additional 39,516 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the subject of several analyst reports. Jefferies Financial Group lowered their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Stephens dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Barclays increased their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Finally, Sanford C. Bernstein decreased their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.15.

Canadian Pacific Kansas City Stock Down 0.1 %

CP traded down $0.06 during trading hours on Tuesday, hitting $77.34. 106,821 shares of the company’s stock were exchanged, compared to its average volume of 2,131,594. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1-year low of $69.08 and a 1-year high of $91.58. The stock’s 50-day moving average is $82.07 and its two-hundred day moving average is $80.77. The stock has a market cap of $72.18 billion, a price-to-earnings ratio of 27.64, a PEG ratio of 2.30 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business earned $0.69 EPS. Canadian Pacific Kansas City’s revenue was up 6.3% on a year-over-year basis. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.72%. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.64%.

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.