179,415 Shares in Canadian Pacific Kansas City Limited $CP Acquired by Midwest Trust Co

Midwest Trust Co purchased a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 179,415 shares of the transportation company’s stock, valued at approximately $14,222,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Cerity Partners LLC raised its holdings in shares of Canadian Pacific Kansas City by 3.0% during the first quarter. Cerity Partners LLC now owns 77,939 shares of the transportation company’s stock worth $5,472,000 after purchasing an additional 2,234 shares during the last quarter. Edgestream Partners L.P. acquired a new stake in Canadian Pacific Kansas City during the 1st quarter worth about $299,000. Signaturefd LLC grew its position in Canadian Pacific Kansas City by 4.0% during the 1st quarter. Signaturefd LLC now owns 21,120 shares of the transportation company’s stock worth $1,483,000 after purchasing an additional 815 shares during the period. Whittier Trust Co. raised its stake in shares of Canadian Pacific Kansas City by 3.8% during the 1st quarter. Whittier Trust Co. now owns 25,450 shares of the transportation company’s stock valued at $1,787,000 after buying an additional 923 shares during the last quarter. Finally, West Family Investments Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at about $201,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 2.9%

Shares of NYSE:CP opened at $70.90 on Monday. The business’s 50 day moving average price is $74.93 and its 200-day moving average price is $76.87. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The firm has a market capitalization of $63.84 billion, a price-to-earnings ratio of 21.61, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same quarter in the prior year, the company posted $0.99 earnings per share. On average, equities research analysts forecast 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 business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, December 31st. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is currently 19.51%.

Analyst Ratings Changes

Several analysts recently commented on CP shares. Citigroup dropped their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday. Evercore ISI lowered their price target on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. Finally, Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.69.

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.