Canadian Pacific Kansas City Limited $CP Position Reduced by Cullen Frost Bankers Inc.

Cullen Frost Bankers Inc. cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor 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 quarter.

A number of other hedge funds also recently bought and sold shares of the company. Frank Rimerman Advisors LLC lifted its stake in Canadian Pacific Kansas City by 0.8% during the third quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock valued at $1,326,000 after buying an additional 145 shares in the last quarter. Cromwell Holdings LLC lifted its stake in Canadian Pacific Kansas City by 8.1% during the fourth quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after buying an additional 145 shares in the last quarter. Fortune Financial Advisors LLC lifted its stake in Canadian Pacific Kansas City by 1.2% during the fourth quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after buying an additional 158 shares in the last quarter. Brookstone Capital Management lifted its stake in Canadian Pacific Kansas City by 1.2% during the fourth quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after buying an additional 176 shares in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Canadian Pacific Kansas City by 3.1% during the third quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock valued at $504,000 after buying an additional 204 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of a number of analyst reports. Barclays set a $99.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reduced their price target 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. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Sanford C. Bernstein increased their price target on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. Finally, Evercore reduced their price target 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 equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.89.

Canadian Pacific Kansas City Trading Up 0.2%

Canadian Pacific Kansas City stock opened at $86.29 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.67 and a quick ratio of 0.57. The company has a market capitalization of $76.60 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 1.84 and a beta of 1.09. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $89.42. The company’s fifty day moving average price is $82.37 and its two-hundred day moving average price is $78.01.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same period in the prior year, the business earned $1.06 EPS. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, 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 company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be given a $0.268 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, June 26th. Canadian Pacific Kansas City’s payout ratio is 24.07%.

Canadian Pacific Kansas City Profile

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.