Trust Co. of Vermont Cuts Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Trust Co. of Vermont cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 22.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,251 shares of the transportation company’s stock after selling 651 shares during the quarter. Trust Co. of Vermont’s holdings in Canadian Pacific Kansas City were worth $178,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Canadian Pacific Kansas City by 9.2% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 3,565 shares of the transportation company’s stock worth $265,000 after purchasing an additional 300 shares in the last quarter. Kestra Advisory Services LLC boosted its position in Canadian Pacific Kansas City by 22.7% during the third quarter. Kestra Advisory Services LLC now owns 13,448 shares of the transportation company’s stock worth $1,001,000 after acquiring an additional 2,485 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at about $960,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $5,873,000. Finally, Envestnet Asset Management Inc. lifted its stake in Canadian Pacific Kansas City by 83.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,880,185 shares of the transportation company’s stock worth $140,015,000 after purchasing an additional 857,878 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CP shares. Raymond James upped their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, April 25th. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Wells Fargo & Company assumed coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They issued an “overweight” rating and a $90.00 price objective for the company. Finally, Jefferies Financial Group started coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Hold” and an average price target of $96.32.

Canadian Pacific Kansas City Trading Up 1.6 %

NYSE CP opened at $78.17 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49. The firm has a market cap of $72.91 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.19 and a beta of 0.97. The firm has a 50 day simple moving average of $81.00 and a 200-day simple moving average of $81.90. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.14 EPS 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, July 29th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. The ex-dividend date is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

About Canadian Pacific Kansas City

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.