Intrust Bank NA Has $572,000 Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Intrust Bank NA lowered its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,907 shares of the transportation company’s stock after selling 363 shares during the quarter. Intrust Bank NA’s holdings in Canadian Pacific Kansas City were worth $572,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Proficio Capital Partners LLC acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $2,602,000. Oak Family Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $262,000. Barclays PLC boosted its stake in Canadian Pacific Kansas City by 2.8% during the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after acquiring an additional 81,111 shares during the last quarter. Toronto Dominion Bank grew its holdings in Canadian Pacific Kansas City by 20.4% during the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after purchasing an additional 352,534 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $249,000. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CP shares. Royal Bank of Canada boosted their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Barclays decreased their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company dropped their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Stifel Nicolaus lowered their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Finally, Citigroup raised their target price on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $94.95.

Canadian Pacific Kansas City Trading Down 3.1 %

Shares of CP stock opened at $69.31 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $69.28 and a 12-month high of $89.26. The company has a market capitalization of $64.72 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98. The firm has a 50 day moving average price of $76.45 and a two-hundred day moving average price of $77.48. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 17.93%.

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.