Intrust Bank NA Has $898,000 Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Intrust Bank NA lessened its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 20.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,363 shares of the transportation company’s stock after selling 2,833 shares during the period. Intrust Bank NA’s holdings in Canadian Pacific Kansas City were worth $898,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. YCG LLC increased its stake in Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock valued at $29,444,000 after acquiring an additional 91,276 shares during the period. SG Americas Securities LLC grew its stake in shares of Canadian Pacific Kansas City by 15.3% in the 4th quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock valued at $7,606,000 after purchasing an additional 12,748 shares during the period. Element Capital Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at approximately $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Canadian Pacific Kansas City by 5.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock valued at $24,525,000 after purchasing an additional 14,557 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Canadian Pacific Kansas City by 26.3% in the 4th quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company’s stock valued at $4,577,000 after purchasing an additional 12,036 shares during the period. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE:CP traded down $0.86 during mid-day trading on Tuesday, hitting $79.99. The stock had a trading volume of 152,156 shares, compared to its average volume of 2,096,277. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The stock has a market cap of $74.60 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.31 and a beta of 0.94. The company’s 50 day simple moving average is $86.94 and its 200 day simple moving average is $79.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.43 and a current ratio of 0.49.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. On average, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

Wall Street Analysts Forecast Growth

CP has been the topic of several analyst reports. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Evercore decreased their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. Bank of America decreased their price target on Canadian Pacific Kansas City from $97.00 to $92.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Raymond James increased their price target on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the stock an “outperform” rating in a research report on Monday, April 22nd. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $96.42.

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.