Wilmington Savings Fund Society FSB Purchases 5,449 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Wilmington Savings Fund Society FSB boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 23.3% in the fourth quarter, Holdings Channel reports. The firm owned 28,812 shares of the transportation company’s stock after purchasing an additional 5,449 shares during the period. Wilmington Savings Fund Society FSB’s holdings in Canadian Pacific Kansas City were worth $2,085,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Grove Bank & Trust grew its position in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC boosted its holdings in shares of Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock valued at $34,000 after buying an additional 279 shares during the period. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $34,000. Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $38,000. Finally, YANKCOM Partnership bought a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on CP. Bank of America dropped their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Finally, Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $77.17 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The stock’s 50 day moving average price is $75.54 and its two-hundred day moving average price is $78.77. The firm has a market capitalization of $72.04 billion, a price-to-earnings ratio of 26.61, a P/E/G ratio of 2.02 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.4 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 18.62%.

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.