Davidson Trust Co. Sells 144 Shares of Canadian Pacific Kansas City Limited $CP

Davidson Trust Co. reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.1% in the 2nd quarter, Holdings Channel reports. The fund owned 4,516 shares of the transportation company’s stock after selling 144 shares during the quarter. Davidson Trust Co.’s holdings in Canadian Pacific Kansas City were worth $358,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp grew its holdings in shares of Canadian Pacific Kansas City by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after buying an additional 31,508 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 70.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock worth $421,000 after buying an additional 2,467 shares in the last quarter. CX Institutional bought a new position in shares of Canadian Pacific Kansas City during the first quarter worth about $61,000. Vanderbilt University grew its holdings in shares of Canadian Pacific Kansas City by 10.3% during the second quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after buying an additional 7,050 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of Canadian Pacific Kansas City by 28.8% during the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company’s stock worth $7,106,000 after buying an additional 22,606 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on CP. Susquehanna decreased their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a report on Thursday, September 25th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Citigroup decreased their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research note on Monday. Stephens raised their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $91.38.

Canadian Pacific Kansas City Stock Up 0.2%

CP stock opened at $76.21 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The business has a 50 day moving average price of $75.40 and a two-hundred day moving average price of $76.57. The company has a market cap of $69.12 billion, a price-to-earnings ratio of 23.74, a P/E/G ratio of 2.15 and a beta of 1.08. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The business’s quarterly revenue was up 2.7% on a year-over-year basis. Analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a $0.1651 dividend. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is 20.56%.

Canadian Pacific Kansas City Company 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.