Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Fiduciary Trust Co

Fiduciary Trust Co lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 11.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 72,610 shares of the transportation company's stock after selling 9,516 shares during the period. Fiduciary Trust Co's holdings in Canadian Pacific Kansas City were worth $6,211,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. S&CO Inc. increased its position in Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company's stock valued at $1,454,000 after acquiring an additional 11,000 shares during the last quarter. Swiss National Bank grew its stake in shares of Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company's stock valued at $241,645,000 after purchasing an additional 23,000 shares during the period. Encompass Capital Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $11,810,000. Cetera Investment Advisers lifted its stake in shares of Canadian Pacific Kansas City by 272.0% in the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company's stock worth $4,874,000 after purchasing an additional 40,380 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $696,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages have commented on CP. Citigroup reduced their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating for the company in a report on Tuesday, November 12th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Stephens lowered their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Bank of America reduced their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research report on Thursday, October 24th. Finally, Evercore ISI lifted their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research report on Wednesday, September 25th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $94.88.

Canadian Pacific Kansas City Stock Up 1.7 %

NYSE:CP traded up $1.27 during mid-day trading on Friday, reaching $76.62. The company's stock had a trading volume of 1,928,729 shares, compared to its average volume of 2,261,070. The stock has a fifty day moving average of $79.26 and a 200-day moving average of $80.24. Canadian Pacific Kansas City Limited has a 1 year low of $71.08 and a 1 year high of $91.58. The firm has a market capitalization of $71.51 billion, a PE ratio of 27.36, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. 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 (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter last year, the firm earned $0.69 EPS. Canadian Pacific Kansas City's revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 19.64%.

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.