First Hawaiian Bank Cuts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

First Hawaiian Bank reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,713 shares of the transportation company’s stock after selling 2,767 shares during the period. First Hawaiian Bank’s holdings in Canadian Pacific Kansas City were worth $1,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. YCG LLC raised its holdings in shares of Canadian Pacific Kansas City by 32.5% in the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after buying an additional 91,276 shares during the last quarter. JARISLOWSKY FRASER Ltd lifted its position in Canadian Pacific Kansas City by 63.6% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock worth $7,127,000 after acquiring an additional 34,856 shares during the period. SG Americas Securities LLC grew its stake in Canadian Pacific Kansas City by 15.3% during the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after purchasing an additional 12,748 shares during the last quarter. Element Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $7,815,000. Finally, Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $207,850,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.7 %

Shares of NYSE:CP opened at $77.63 on Thursday. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The firm has a market capitalization of $72.41 billion, a price-to-earnings ratio of 24.88, a price-to-earnings-growth ratio of 2.21 and a beta of 0.97. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The business’s 50 day moving average price is $80.56 and its 200-day moving average price is $81.89.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.59 billion. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 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, July 29th. Investors of record on Friday, June 28th will be paid a $0.141 dividend. This represents a $0.56 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.95%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CP shares. Wells Fargo & Company started coverage on Canadian Pacific Kansas City in a research report on Friday, June 7th. They issued an “overweight” rating and a $90.00 target price on the stock. Bank of America dropped their target price on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Evercore dropped their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Finally, Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 target price on the stock. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $96.32.

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.