Greenleaf Trust Raises Position in Canadian Pacific Kansas City Limited $CP

by · The Markets Daily

Greenleaf Trust raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 4.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 340,569 shares of the transportation company’s stock after buying an additional 15,062 shares during the period. Canadian Pacific Kansas City comprises 0.2% of Greenleaf Trust’s investment portfolio, making the stock its 29th largest position. Greenleaf Trust’s holdings in Canadian Pacific Kansas City were worth $25,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth approximately $27,000. Acadian Asset Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth $35,000. SJS Investment Consulting Inc. acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $39,000. Chilton Capital Management LLC purchased a new position in Canadian Pacific Kansas City during the 2nd quarter worth approximately $49,000. Finally, Chapman Financial Group LLC acquired a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $56,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CP shares. Susquehanna set a $87.00 price target on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Jefferies Financial Group set a $90.00 price target on Canadian Pacific Kansas City in a research note on Thursday, October 30th. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Barclays set a $90.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Finally, Royal Bank Of Canada lowered their price target on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $91.69.

Read Our Latest Stock Analysis on CP

Canadian Pacific Kansas City Price Performance

CP opened at $72.69 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The company’s 50 day simple moving average is $72.60 and its 200-day simple moving average is $75.20. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The stock has a market capitalization of $65.22 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.63 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period last year, the company earned $0.99 EPS. Sell-side analysts anticipate 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 firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s dividend payout ratio is presently 19.82%.

Canadian Pacific Kansas City Company 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.

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