State of Wyoming Sells 560 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

State of Wyoming decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 8,165 shares of the transportation company’s stock after selling 560 shares during the period. State of Wyoming’s holdings in Canadian Pacific Kansas City were worth $591,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $33,000. Stonebridge Financial Group LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $34,000. YANKCOM Partnership purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth $36,000. Millstone Evans Group LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $36,000. Finally, Curio Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth about $39,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.1%

Shares of CP opened at $81.59 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The firm has a 50-day moving average price of $73.33 and a 200 day moving average price of $75.12. The firm has a market capitalization of $75.92 billion, a P/E ratio of 28.14, a P/E/G ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. Canadian Pacific Kansas City’s quarterly revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be issued a $0.1644 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 21.28%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CP shares. Argus set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, March 26th. Bank of America raised their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Friday. Barclays cut their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 2nd. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $90.63.

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.