Busey Bank Trims Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Busey Bank lessened its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 151,801 shares of the transportation company's stock after selling 7,665 shares during the quarter. Busey Bank's holdings in Canadian Pacific Kansas City were worth $12,985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CP. Mirova US LLC purchased a new stake in Canadian Pacific Kansas City in the second quarter worth $168,063,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Canadian Pacific Kansas City by 398.2% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 2,100,382 shares of the transportation company's stock valued at $165,419,000 after buying an additional 1,678,784 shares during the last quarter. Cantillon Capital Management LLC lifted its holdings in Canadian Pacific Kansas City by 49.1% in the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company's stock valued at $314,563,000 after acquiring an additional 1,174,200 shares during the period. Wulff Hansen & CO. lifted its holdings in Canadian Pacific Kansas City by 8,261.4% in the second quarter. Wulff Hansen & CO. now owns 943,500 shares of the transportation company's stock valued at $74,282,000 after acquiring an additional 932,216 shares during the period. Finally, AGF Management Ltd. lifted its holdings in Canadian Pacific Kansas City by 86.5% in the second quarter. AGF Management Ltd. now owns 1,586,609 shares of the transportation company's stock valued at $125,094,000 after acquiring an additional 735,816 shares during the period. Institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

CP has been the topic of several recent research reports. Sanford C. Bernstein decreased their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. Susquehanna raised Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and decreased their target price for the company from $94.00 to $92.00 in a research note on Thursday. Barclays lifted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Wednesday, September 25th. Evercore ISI lifted their target price 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. Finally, Citigroup lifted their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the company a "buy" rating in a research note on Thursday. Eight research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $97.78.

Canadian Pacific Kansas City Trading Down 1.8 %

Shares of NYSE CP traded down $1.41 during trading on Friday, reaching $77.10. The stock had a trading volume of 1,775,217 shares, compared to its average volume of 2,108,632. The company has a market cap of $71.94 billion, a P/E ratio of 24.79, a PEG ratio of 2.21 and a beta of 0.96. The business's 50-day moving average price is $82.90 and its 200-day moving average price is $81.48. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.07 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results 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). The business had revenue of $3.55 billion for the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm earned $0.69 earnings per share. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.73%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is 17.31%.

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.