Raymond James Trust N.A. Sells 1,566 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Raymond James Trust N.A. cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,875 shares of the transportation company’s stock after selling 1,566 shares during the period. Raymond James Trust N.A.’s holdings in Canadian Pacific Kansas City were worth $1,272,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CP. Charles Schwab Investment Management Inc. raised its holdings in shares of Canadian Pacific Kansas City by 5.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,054,976 shares of the transportation company’s stock valued at $175,944,000 after purchasing an additional 107,025 shares during the period. Tradewinds LLC. raised its holdings in shares of Canadian Pacific Kansas City by 9.1% in the 3rd quarter. Tradewinds LLC. now owns 3,823 shares of the transportation company’s stock valued at $327,000 after purchasing an additional 319 shares during the period. Intech Investment Management LLC raised its holdings in shares of Canadian Pacific Kansas City by 11.5% in the 3rd quarter. Intech Investment Management LLC now owns 31,983 shares of the transportation company’s stock valued at $2,738,000 after purchasing an additional 3,302 shares during the period. EagleClaw Capital Managment LLC raised its holdings in shares of Canadian Pacific Kansas City by 200.3% in the 3rd quarter. EagleClaw Capital Managment LLC now owns 12,051 shares of the transportation company’s stock valued at $1,031,000 after purchasing an additional 8,038 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of Canadian Pacific Kansas City by 2.9% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,784 shares of the transportation company’s stock valued at $580,000 after purchasing an additional 192 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP opened at $76.69 on Monday. The company’s 50 day moving average price is $80.34 and its two-hundred day moving average price is $80.45. Canadian Pacific Kansas City Limited has a 12-month low of $69.27 and a 12-month high of $91.58. The firm has a market cap of $71.58 billion, a PE ratio of 27.39, a PEG ratio of 2.23 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.69 EPS. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.06 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price target for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Bank of America decreased their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Evercore ISI upped their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Finally, Barclays upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $93.68.

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.