Crossmark Global Holdings Inc. Sells 13,736 Shares of Canadian Pacific Kansas City Limited $CP

Crossmark Global Holdings Inc. cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 32.3% in the fourth quarter, Holdings Channel reports. The fund owned 28,727 shares of the transportation company’s stock after selling 13,736 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Canadian Pacific Kansas City were worth $2,115,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Wealth Watch Advisors INC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $36,000. Cornerstone Planning Group LLC boosted its stake in shares of Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock valued at $36,000 after purchasing an additional 335 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City during the first quarter valued at approximately $35,000. Aventura Private Wealth LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $37,000. Finally, McIlrath & Eck LLC raised its stake in Canadian Pacific Kansas City by 475.3% in the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after buying an additional 423 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on CP shares. Evercore dropped their target price on Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Barclays set a $99.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, April 30th. Citigroup lifted their target price on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Sanford C. Bernstein boosted their target price on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Finally, ATB Cormark Capital Markets lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a research report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $95.30.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $84.75 on Tuesday. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The firm has a market cap of $75.23 billion, a PE ratio of 26.16, a P/E/G ratio of 1.85 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $89.42. The stock has a fifty day moving average price of $82.40 and a 200-day moving average price of $77.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The business had revenue of $2.66 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter last year, the firm earned $1.06 earnings per share. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. Equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.75 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Friday, June 26th will be paid a dividend of $0.268 per share. The ex-dividend date is Friday, June 26th. 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 1.3%. Canadian Pacific Kansas City’s payout ratio is presently 24.07%.

Canadian Pacific Kansas City Company 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.