CENTRAL TRUST Co Sells 9,984 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

CENTRAL TRUST Co lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 170,692 shares of the transportation company's stock after selling 9,984 shares during the period. CENTRAL TRUST Co's holdings in Canadian Pacific Kansas City were worth $14,601,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CP. Vanguard Group Inc. boosted its position in shares of Canadian Pacific Kansas City by 1.7% during the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company's stock worth $3,079,474,000 after acquiring an additional 588,701 shares in the last quarter. TD Asset Management Inc boosted its holdings in shares of Canadian Pacific Kansas City by 2.5% in the 1st quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company's stock valued at $1,915,196,000 after purchasing an additional 532,303 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Canadian Pacific Kansas City by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company's stock valued at $1,580,556,000 after purchasing an additional 533,792 shares during the last quarter. 1832 Asset Management L.P. increased its stake in shares of Canadian Pacific Kansas City by 5.5% in the 2nd quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company's stock valued at $1,088,155,000 after purchasing an additional 723,188 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Canadian Pacific Kansas City by 1.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company's stock worth $909,721,000 after buying an additional 216,062 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Evercore ISI raised their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a "buy" rating in a report on Thursday. Scotiabank raised shares of Canadian Pacific Kansas City from a "sector perform" rating to a "sector outperform" rating in a research note on Wednesday, July 10th. Bank of America decreased their target price on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday. Finally, Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average target price of $97.78.

Canadian Pacific Kansas City Trading Down 0.4 %

CP stock traded down $0.33 during midday trading on Thursday, hitting $78.50. The stock had a trading volume of 3,616,073 shares, compared to its average volume of 2,110,251. The company has a current ratio of 0.51, a quick ratio of 0.44 and a debt-to-equity ratio of 0.42. The firm has a market cap of $73.24 billion, a P/E ratio of 25.16, a price-to-earnings-growth ratio of 2.21 and a beta of 0.96. The business has a fifty day moving average price of $82.92 and a two-hundred day moving average price of $81.50. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.2 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders 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 represents a $0.56 annualized dividend and a dividend yield of 0.71%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's payout ratio is currently 17.31%.

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.