Whittier Trust Co. Has $1.84 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Whittier Trust Co. increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 21,468 shares of the transportation company’s stock after buying an additional 374 shares during the period. Whittier Trust Co.’s holdings in Canadian Pacific Kansas City were worth $1,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CP. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the last quarter. LRI Investments LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter worth approximately $32,000. Chris Bulman Inc acquired a new position in Canadian Pacific Kansas City during the 2nd quarter worth $35,000. Asset Dedication LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at $38,000. Finally, ORG Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $39,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

CP has been the topic of several recent research reports. Barclays raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Jefferies Financial Group lowered their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Susquehanna increased their price objective on shares of Canadian Pacific Kansas City from $80.00 to $94.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. Scotiabank raised shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Finally, Evercore ISI increased their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $97.90.

Canadian Pacific Kansas City Trading Up 1.1 %

Shares of NYSE:CP opened at $79.64 on Wednesday. The firm has a market cap of $74.31 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.21 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The company’s fifty day simple moving average is $82.91 and its 200 day simple moving average is $81.52. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, beating the consensus estimate of $0.74 by $0.31. The firm 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 business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.62 EPS. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 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, October 28th. Shareholders of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio is 17.31%.

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.