Canadian Pacific Kansas City Limited $CP Shares Sold by TIAA Trust National Association

TIAA Trust National Association trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.7% in the second quarter, Holdings Channel reports. The firm owned 8,813 shares of the transportation company’s stock after selling 734 shares during the quarter. TIAA Trust National Association’s holdings in Canadian Pacific Kansas City were worth $699,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CP. Cornerstone Planning Group LLC lifted its holdings in Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after acquiring an additional 256 shares during the last quarter. Cheviot Value Management LLC bought a new position in Canadian Pacific Kansas City in the first quarter worth about $30,000. Hexagon Capital Partners LLC lifted its holdings in Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock worth $35,000 after acquiring an additional 164 shares during the last quarter. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the first quarter worth about $35,000. Finally, Chilton Capital Management LLC bought a new position in Canadian Pacific Kansas City in the second quarter worth about $49,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent research reports. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup cut their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Evercore ISI cut their target price on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Finally, Royal Bank Of Canada cut their price target on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.69.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $70.61 on Wednesday. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The stock has a market cap of $63.58 billion, a price-to-earnings ratio of 21.53, a PEG ratio of 2.03 and a beta of 1.08. The stock’s 50 day moving average price is $75.32 and its 200 day moving average price is $76.93. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. During the same period in the previous year, the firm earned $0.99 EPS. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 annualized dividend and a yield of 1.3%. Canadian Pacific Kansas City’s dividend payout ratio is presently 20.12%.

Canadian Pacific Kansas City 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.