Canadian Pacific Kansas City Limited $CP Shares Sold by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. lessened its position in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,364 shares of the transportation company’s stock after selling 16,975 shares during the period. Cullen Frost Bankers Inc.’s holdings in Canadian Pacific Kansas City were worth $6,801,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wealth Watch Advisors INC bought a new position in Canadian Pacific Kansas City in the 3rd quarter valued at about $36,000. Cornerstone Planning Group LLC grew its position in Canadian Pacific Kansas City by 205.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after buying an additional 335 shares in the last quarter. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at about $35,000. Aventura Private Wealth LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $37,000. Finally, McIlrath & Eck LLC grew its position in Canadian Pacific Kansas City by 475.3% in the 4th quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock valued at $38,000 after buying an additional 423 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $86.29 on Thursday. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $89.42. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average of $82.37 and a 200-day moving average of $78.01. The firm has a market cap of $76.60 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 1.84 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The business had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the business posted $1.06 EPS. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a dividend of $0.268 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date is Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is 24.07%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CP shares. Barclays set a $99.00 target price on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, April 30th. Citigroup increased their target price on shares of Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. Royal Bank Of Canada decreased their target price on shares of Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating for the company in a research report on Thursday, April 30th. Finally, Evercore decreased their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $95.89.

Check Out Our Latest Analysis on CP

Canadian Pacific Kansas City Profile

(Free Report)

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.

Further Reading

Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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