Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Greenleaf Trust

Greenleaf Trust boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 253,023 shares of the transportation company’s stock after acquiring an additional 12,013 shares during the period. Greenleaf Trust’s holdings in Canadian Pacific Kansas City were worth $20,004,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CP. Cetera Investment Advisers boosted its holdings in Canadian Pacific Kansas City by 3.4% in the 1st quarter. Cetera Investment Advisers now owns 16,828 shares of the transportation company’s stock valued at $1,389,000 after purchasing an additional 559 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 69.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,539 shares of the transportation company’s stock valued at $457,000 after purchasing an additional 2,263 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Canadian Pacific Kansas City by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 30,249,662 shares of the transportation company’s stock valued at $2,496,807,000 after purchasing an additional 695,215 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Canadian Pacific Kansas City by 5.1% in the 1st quarter. Baird Financial Group Inc. now owns 49,524 shares of the transportation company’s stock valued at $4,087,000 after purchasing an additional 2,417 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Canadian Pacific Kansas City by 116.4% during the 1st quarter. Brown Brothers Harriman & Co. now owns 14,274 shares of the transportation company’s stock worth $1,178,000 after acquiring an additional 7,678 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CP. Bank of America upped their price target on Canadian Pacific Kansas City from $87.00 to $97.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Barclays upped their price target on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Jefferies Financial Group started coverage on Canadian Pacific Kansas City in a report on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Finally, TD Securities cut Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Twelve research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Hold” and a consensus price target of $95.29.

Canadian Pacific Kansas City Stock Up 0.9 %

Shares of Canadian Pacific Kansas City stock traded up $0.73 during trading hours on Friday, hitting $84.67. 1,627,600 shares of the company’s stock traded hands, compared to its average volume of 2,033,813. The stock has a 50 day simple moving average of $87.11 and a 200-day simple moving average of $79.34. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46. The company has a market cap of $78.96 billion, a PE ratio of 26.87, a PEG ratio of 2.15 and a beta of 0.94. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a $0.1415 dividend. This represents a $0.57 dividend on an annualized basis and a yield of 0.67%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.83%.

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.