Blue Trust Inc. Acquires 5,622 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Blue Trust Inc. boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1,683.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,956 shares of the transportation company’s stock after purchasing an additional 5,622 shares during the quarter. Blue Trust Inc.’s holdings in Canadian Pacific Kansas City were worth $469,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CP. LRI Investments LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $32,000. ORG Partners LLC purchased a new position in shares of Canadian Pacific Kansas City in the second quarter valued at $39,000. Tobam purchased a new stake in Canadian Pacific Kansas City during the first quarter valued at $51,000. Rational Advisors LLC bought a new position in Canadian Pacific Kansas City during the first quarter valued at $52,000. Finally, Partnership Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $52,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CP shares. Evercore cut their price objective on shares of 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. Sanford C. Bernstein increased their price objective on shares of Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research report on Monday, July 8th. Barclays decreased their price objective on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating for the company in a research note on Tuesday, July 16th. Evercore ISI cut 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 note on Thursday, April 25th. Finally, Susquehanna reissued a “neutral” rating and set a $80.00 price target on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Ten equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $96.56.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded down $0.35 during trading hours on Friday, hitting $79.04. 986,933 shares of the company were exchanged, compared to its average volume of 2,138,492. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.43. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The stock has a market capitalization of $73.75 billion, a price-to-earnings ratio of 25.33, a PEG ratio of 2.27 and a beta of 0.96. The company’s 50 day moving average price is $79.79 and its 200-day moving average price is $82.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates 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 quarterly revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the business posted $0.62 EPS. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.11 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors 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 dividend yield of 0.69%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) 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.