Greenleaf Trust Trims Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Greenleaf Trust lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 304,204 shares of the transportation company’s stock after selling 2,238 shares during the quarter. Canadian Pacific Kansas City comprises about 0.2% of Greenleaf Trust’s holdings, making the stock its 29th largest position. Greenleaf Trust’s holdings in Canadian Pacific Kansas City were worth $26,022,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Grove Bank & Trust increased its position in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares in the last quarter. LRI Investments LLC purchased a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $32,000. Chris Bulman Inc acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $35,000. Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter worth $38,000. Finally, ORG Partners LLC acquired a new stake in Canadian Pacific Kansas City in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CP shares. Barclays boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Stifel Nicolaus reduced their price target on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Evercore ISI lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research report on Wednesday, July 10th. Finally, Citigroup initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, October 9th. They issued a “buy” rating and a $97.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $97.90.

Canadian Pacific Kansas City Trading Down 0.3 %

Shares of CP stock opened at $79.42 on Wednesday. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The stock has a fifty day moving average of $82.91 and a two-hundred day moving average of $81.52. The firm has a market capitalization of $74.10 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm’s revenue was up 13.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.62 earnings per share. As a group, research analysts expect that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.69%. Canadian Pacific Kansas City’s payout ratio is presently 17.31%.

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.