Fiduciary Trust Co Sells 9,516 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Fiduciary Trust Co cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,610 shares of the transportation company’s stock after selling 9,516 shares during the quarter. Fiduciary Trust Co’s holdings in Canadian Pacific Kansas City were worth $6,211,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after buying an additional 130 shares during the period. Tower View Wealth Management LLC raised its stake in shares of Canadian Pacific Kansas City by 0.3% in the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after buying an additional 130 shares during the period. Bradley Foster & Sargent Inc. CT raised its stake in shares of Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after buying an additional 131 shares during the period. Trust Co. of Vermont grew its position in shares of Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 135 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its position in shares of Canadian Pacific Kansas City by 12.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 141 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP opened at $75.35 on Friday. The stock has a 50-day moving average price of $79.45 and a 200-day moving average price of $80.28. Canadian Pacific Kansas City Limited has a 12-month low of $69.66 and a 12-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 stock has a market capitalization of $70.33 billion, a P/E ratio of 26.91, a PEG ratio of 2.28 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same quarter in the previous year, the company posted $0.69 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 6.3% compared to the same quarter last year. Equities 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 announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is 20.00%.

Analyst Upgrades and Downgrades

CP has been the subject of several recent research reports. Citigroup reduced their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research report on Tuesday, November 12th. Evercore ISI lifted their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research report on Wednesday, September 25th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 24th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their price target for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Finally, Bank of America reduced their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $94.88.

Canadian Pacific Kansas City Company 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.