US Bancorp DE Sells 8,338 Shares of Canadian Pacific Kansas City Limited $CP

US Bancorp DE trimmed its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,647 shares of the transportation company’s stock after selling 8,338 shares during the quarter. US Bancorp DE’s holdings in Canadian Pacific Kansas City were worth $9,167,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Capital Insight Partners LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.4% during the 1st quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock worth $2,858,000 after acquiring an additional 143 shares during the period. Davidson Trust Co. boosted its stake in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company’s stock worth $327,000 after acquiring an additional 144 shares during the period. Redmond Asset Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock worth $2,220,000 after acquiring an additional 148 shares during the period. Tradewinds LLC. boosted its stake in shares of Canadian Pacific Kansas City by 3.8% during the 1st quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company’s stock worth $304,000 after acquiring an additional 157 shares during the period. Finally, Financial Partners Group Inc boosted its stake in shares of Canadian Pacific Kansas City by 0.3% during the 1st quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock worth $3,464,000 after acquiring an additional 158 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $74.90 on Friday. The stock has a market capitalization of $67.93 billion, a PE ratio of 23.33, a P/E/G ratio of 2.11 and a beta of 1.08. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The business has a fifty day moving average price of $75.34 and a two-hundred day moving average price of $76.49. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm posted $1.05 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 2.7% on a year-over-year basis. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Analysts Set New Price Targets

Several analysts recently weighed in on CP shares. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Wednesday. Stephens lifted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Susquehanna dropped their price target on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a report on Thursday, September 25th. Finally, Citigroup lifted their price target on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $91.85.

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.