TIAA Trust National Association Cuts Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

TIAA Trust National Association decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,947 shares of the transportation company’s stock after selling 409 shares during the period. TIAA Trust National Association’s holdings in Canadian Pacific Kansas City were worth $647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CP. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $33,000. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter worth approximately $34,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the 4th quarter worth approximately $34,000. YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Finally, Millstone Evans Group LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 2.3 %

Canadian Pacific Kansas City stock opened at $71.59 on Friday. Canadian Pacific Kansas City Limited has a 12 month low of $70.89 and a 12 month high of $89.26. The stock has a market capitalization of $66.84 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The business has a 50 day simple moving average of $76.56 and a 200-day simple moving average of $77.64.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates 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 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.74%. Canadian Pacific Kansas City’s payout ratio is currently 17.93%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CP. Royal Bank of Canada boosted their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research report on Wednesday. Barclays cut their price objective on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $94.95.

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.