Atlantic Union Bankshares Corp Has $1.62 Million Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Atlantic Union Bankshares Corp lessened its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 16.8% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 18,913 shares of the transportation company’s stock after selling 3,831 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Canadian Pacific Kansas City were worth $1,618,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Atria Investments Inc boosted its position in Canadian Pacific Kansas City by 13.9% in the first quarter. Atria Investments Inc now owns 40,175 shares of the transportation company’s stock valued at $3,542,000 after buying an additional 4,896 shares in the last quarter. Cetera Investment Advisers boosted its position in Canadian Pacific Kansas City by 272.0% in the first quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after buying an additional 40,380 shares in the last quarter. Cetera Advisors LLC grew its stake in Canadian Pacific Kansas City by 44.7% during the first quarter. Cetera Advisors LLC now owns 30,715 shares of the transportation company’s stock worth $2,711,000 after buying an additional 9,490 shares during the last quarter. Finally, Transcend Capital Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth approximately $640,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.7 %

CP opened at $76.62 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $71.08 and a fifty-two week high of $91.58. The company has a market cap of $71.51 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. 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 firm has a 50 day simple moving average of $79.26 and a 200 day simple moving average of $80.24.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 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 business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business’s revenue was up 6.3% on a year-over-year basis. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 19.64%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 24th. Evercore ISI boosted their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Barclays raised 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. Stifel Nicolaus reduced their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Finally, Sanford C. Bernstein decreased their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $94.88.

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.