Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Atlantic Union Bankshares Corp

Atlantic Union Bankshares Corp lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,880 shares of the transportation company’s stock after selling 2,033 shares during the period. Atlantic Union Bankshares Corp’s holdings in Canadian Pacific Kansas City were worth $1,222,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CP. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Addison Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $34,000. Stonebridge Financial Group LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $34,000. Finally, YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $36,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.9 %

CP stock opened at $77.69 on Friday. The stock has a market capitalization of $72.54 billion, a price-to-earnings ratio of 26.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a 50-day moving average of $76.81 and a two-hundred day moving average of $78.49. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced 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 of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.93%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Royal Bank of Canada boosted their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. Susquehanna cut their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research note on Wednesday, January 8th. Finally, Citigroup increased their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

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.