American Trust Sells 971 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

American Trust trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 13.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,072 shares of the transportation company’s stock after selling 971 shares during the quarter. American Trust’s holdings in Canadian Pacific Kansas City were worth $535,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. AdvisorNet Financial Inc grew its holdings in Canadian Pacific Kansas City by 131.4% in the fourth quarter. AdvisorNet Financial Inc now owns 1,201 shares of the transportation company’s stock worth $95,000 after purchasing an additional 682 shares during the period. TIAA Trust National Association grew its holdings in shares of Canadian Pacific Kansas City by 2.9% during the fourth quarter. TIAA Trust National Association now owns 8,732 shares of the transportation company’s stock valued at $690,000 after buying an additional 242 shares during the last quarter. Independence Bank of Kentucky acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $43,000. Leavell Investment Management Inc. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $252,000. Finally, Asset Management One Co. Ltd. acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $5,392,000. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

CP traded down $1.56 during trading hours on Friday, hitting $78.81. The company’s stock had a trading volume of 2,246,177 shares, compared to its average volume of 1,966,746. The business’s 50-day moving average price is $79.80 and its 200-day moving average price is $82.76. Canadian Pacific Kansas City Limited has a 12 month low of $68.92 and a 12 month high of $91.58. The stock has a market cap of $73.53 billion, a price-to-earnings ratio of 25.26, a P/E/G ratio of 2.27 and a beta of 0.96. The company has a current ratio of 0.51, a quick ratio of 0.43 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. During the same quarter in the previous year, the business posted $0.62 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% on a year-over-year basis. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.11 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.95%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Bank of America reduced their price objective on shares of Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Barclays dropped their target price on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Susquehanna reaffirmed a “neutral” rating and set a $80.00 target price on shares of Canadian Pacific Kansas City in a report on Wednesday. Stifel Nicolaus increased their price target on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Finally, Evercore ISI decreased their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus target price of $95.70.

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.