Whittier Trust Co. Increases Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Whittier Trust Co. lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 24,527 shares of the transportation company’s stock after purchasing an additional 3,059 shares during the period. Whittier Trust Co.’s holdings in Canadian Pacific Kansas City were worth $1,775,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Stonebridge Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $34,000. YANKCOM Partnership purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Finally, Curio Wealth LLC purchased a new stake in Canadian Pacific Kansas City during the fourth quarter worth $39,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CP. Citigroup upped their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Susquehanna lowered their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Royal Bank of Canada upped their target price on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

NYSE CP opened at $71.83 on Friday. 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 stock’s fifty day moving average price is $76.69 and its 200 day moving average price is $77.94. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $90.56. The company has a market cap of $67.07 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

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.