Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Baldwin Brothers LLC MA

Baldwin Brothers LLC MA cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 49.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,077 shares of the transportation company’s stock after selling 1,059 shares during the quarter. Baldwin Brothers LLC MA’s holdings in Canadian Pacific Kansas City were worth $85,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at $979,890,000. TD Asset Management Inc lifted its stake in shares of Canadian Pacific Kansas City by 47.7% in the 4th quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock valued at $1,682,256,000 after purchasing an additional 6,835,271 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Canadian Pacific Kansas City by 757.9% during the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock worth $342,191,000 after purchasing an additional 3,801,910 shares during the period. Meritage Group LP acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth approximately $207,850,000. Finally, Clearbridge Investments LLC raised its holdings in Canadian Pacific Kansas City by 36.3% in the fourth quarter. Clearbridge Investments LLC now owns 7,581,167 shares of the transportation company’s stock valued at $599,367,000 after buying an additional 2,018,375 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.7 %

NYSE:CP traded down $0.57 during mid-day trading on Friday, reaching $77.78. The stock had a trading volume of 1,574,110 shares, compared to its average volume of 2,163,862. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.43. The company has a market capitalization of $72.57 billion, a price-to-earnings ratio of 24.93, a price-to-earnings-growth ratio of 2.27 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The stock’s 50 day simple moving average is $79.74 and its two-hundred day simple moving average is $82.73.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The business’s revenue was up 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. Equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.11 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.1373 per share. The ex-dividend date is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Susquehanna reiterated a “neutral” rating and issued a $80.00 price target on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. Evercore ISI lowered their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research note on Thursday, April 25th. Finally, Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $96.56.

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.