Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by TIAA Trust National Association

TIAA Trust National Association lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,947 shares of the transportation company’s stock after selling 409 shares during the period. TIAA Trust National Association’s holdings in Canadian Pacific Kansas City were worth $647,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares 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 position in Canadian Pacific Kansas City during the third quarter worth approximately $34,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth $34,000. YANKCOM Partnership purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $36,000. Finally, Millstone Evans Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 2.3 %

NYSE CP opened at $71.59 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm has a market cap of $66.84 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.00 and a beta of 0.98. The firm has a 50 day simple moving average of $76.56 and a 200-day simple moving average of $77.64. Canadian Pacific Kansas City Limited has a one year low of $70.89 and a one year high of $89.26.

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

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.74%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on CP. Stifel Nicolaus lowered their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. StockNews.com lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Wednesday, December 25th. Citigroup raised their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Wednesday, January 8th. Finally, Susquehanna cut their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $94.95.

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.