Canadian Pacific Kansas City Limited (NYSE:CP) Shares Acquired by Keybank National Association OH

Keybank National Association OH grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 42,214 shares of the transportation company’s stock after acquiring an additional 366 shares during the quarter. Keybank National Association OH’s holdings in Canadian Pacific Kansas City were worth $3,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Addison Advisors LLC boosted its stake in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $34,000. Kestra Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $34,000. Finally, YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a report on Wednesday, January 8th. Citigroup increased their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Barclays reduced their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a report on Friday, January 17th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Finally, Susquehanna dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Trading Up 2.1 %

NYSE:CP opened at $78.47 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock has a fifty day moving average price of $76.71 and a two-hundred day moving average price of $78.51. The stock has a market capitalization of $73.26 billion, a price-to-earnings ratio of 27.06, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, sell-side analysts anticipate 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 business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.