US Bancorp DE Decreases Position in Canadian Pacific Kansas City Limited (NYSE:CP)

US Bancorp DE lowered its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,159 shares of the transportation company’s stock after selling 2,865 shares during the period. US Bancorp DE’s holdings in Canadian Pacific Kansas City were worth $9,544,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CP. Norges Bank purchased a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $1,136,503,000. TD Asset Management Inc purchased a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $1,164,873,000. Wellington Management Group LLP grew its stake in Canadian Pacific Kansas City by 1,151.2% in the 1st quarter. Wellington Management Group LLP now owns 7,157,741 shares of the transportation company’s stock valued at $591,239,000 after buying an additional 6,585,655 shares in the last quarter. Allen Investment Management LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter valued at approximately $338,724,000. Finally, Price T Rowe Associates Inc. MD grew its stake in Canadian Pacific Kansas City by 36.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 12,846,580 shares of the transportation company’s stock valued at $988,417,000 after buying an additional 3,443,066 shares in the last quarter. Hedge funds and other institutional investors own 67.93% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.1 %

Shares of CP stock opened at $71.72 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $85.40. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $73.48 and its 200 day moving average is $77.51. The stock has a market capitalization of $66.83 billion, a P/E ratio of 21.54, a P/E/G ratio of 2.80 and a beta of 1.04.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 25th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. Canadian Pacific Kansas City had a net margin of 37.10% and a return on equity of 8.45%. The company had revenue of $2.49 billion for the quarter, compared to analysts’ expectations of $2.49 billion. Research analysts expect that Canadian Pacific Kansas City Limited will post 2.8 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Investors of record on Friday, December 29th will be issued a $0.1384 dividend. This represents a $0.55 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, December 28th. Canadian Pacific Kansas City’s dividend payout ratio is currently 16.82%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CP shares. Royal Bank of Canada reduced their price objective on shares of Canadian Pacific Kansas City from $133.00 to $128.00 and set an “outperform” rating for the company in a research note on Thursday, October 26th. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $93.00 to $90.00 and set a “positive” rating for the company in a report on Thursday, October 26th. CSFB raised their price target on shares of Canadian Pacific Kansas City from $87.00 to $88.00 and gave the company a “neutral” rating in a report on Wednesday, August 9th. Raymond James raised shares of Canadian Pacific Kansas City from a “market perform” rating to an “outperform” rating in a report on Thursday, October 26th. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Saturday. Five research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $98.22.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.