Equitable Trust Co. Purchases 1,246 Shares of Canadian Pacific Kansas City Limited $CP

Equitable Trust Co. increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,011 shares of the transportation company’s stock after acquiring an additional 1,246 shares during the quarter. Equitable Trust Co.’s holdings in Canadian Pacific Kansas City were worth $3,964,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. North Capital Inc. bought a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 209.8% during the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock worth $28,000 after buying an additional 256 shares during the last quarter. Cheviot Value Management LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth $30,000. Hexagon Capital Partners LLC increased its holdings in shares of Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 164 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the first quarter valued at $35,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 1.6%

CP stock opened at $76.11 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $69.02 billion, a PE ratio of 23.71, a PEG ratio of 2.11 and a beta of 1.08. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The stock has a 50-day simple moving average of $75.38 and a two-hundred day simple moving average of $76.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.05 EPS. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Susquehanna decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a research note on Thursday, September 25th. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $91.38.

Canadian Pacific Kansas City 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.