Grove Bank & Trust Purchases 130 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Grove Bank & Trust boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 56.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 362 shares of the transportation company’s stock after buying an additional 130 shares during the period. Grove Bank & Trust’s holdings in Canadian Pacific Kansas City were worth $31,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Procyon Advisors LLC bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $259,000. Cardinal Capital Management Inc. increased its stake in shares of Canadian Pacific Kansas City by 0.6% in the 3rd quarter. Cardinal Capital Management Inc. now owns 1,191,391 shares of the transportation company’s stock valued at $102,019,000 after acquiring an additional 6,881 shares in the last quarter. Ritholtz Wealth Management lifted its position in shares of Canadian Pacific Kansas City by 56.6% during the 3rd quarter. Ritholtz Wealth Management now owns 19,135 shares of the transportation company’s stock valued at $1,637,000 after acquiring an additional 6,913 shares during the period. Gateway Investment Advisers LLC boosted its stake in Canadian Pacific Kansas City by 1.2% during the third quarter. Gateway Investment Advisers LLC now owns 118,770 shares of the transportation company’s stock worth $10,160,000 after acquiring an additional 1,432 shares in the last quarter. Finally, First Affirmative Financial Network grew its holdings in Canadian Pacific Kansas City by 16.1% in the third quarter. First Affirmative Financial Network now owns 7,087 shares of the transportation company’s stock worth $606,000 after purchasing an additional 985 shares during the period. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Down 0.6 %

Shares of Canadian Pacific Kansas City stock opened at $81.37 on Wednesday. The firm has a market cap of $75.92 billion, a PE ratio of 26.08, a P/E/G ratio of 2.21 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 company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The stock has a fifty day moving average price of $82.64 and a 200-day moving average price of $81.77.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 earnings per share. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a $0.1373 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 annualized dividend and a yield of 0.67%. Canadian Pacific Kansas City’s payout ratio is 17.31%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CP shares. Barclays increased their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 25th. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Evercore ISI boosted their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. Susquehanna increased their target price on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Finally, Jefferies Financial Group decreased their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $97.90.

About Canadian Pacific Kansas City

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.