Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Hemenway Trust Co LLC

Hemenway Trust Co LLC decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.3% in the 4th quarter, HoldingsChannel.com reports. The firm owned 10,485 shares of the transportation company’s stock after selling 820 shares during the quarter. Hemenway Trust Co LLC’s holdings in Canadian Pacific Kansas City were worth $759,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $33,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. YANKCOM Partnership acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $36,000. Millstone Evans Group LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth approximately $36,000. Finally, Curio Wealth LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $70.26 on Friday. The firm has a market cap of $65.60 billion, a PE ratio of 24.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Canadian Pacific Kansas City Limited has a 1 year low of $68.00 and a 1 year high of $89.26. The firm’s 50-day simple moving average is $75.73 and its 200-day simple moving average is $77.00. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating 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%. Equities 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 company 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 dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.75%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.93%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Citigroup boosted their price objective on 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. Susquehanna lowered their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday, March 27th. Barclays reduced their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $94.68.

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.