Huntington National Bank Reduces Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Huntington National Bank reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 27.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 484 shares of the transportation company’s stock after selling 182 shares during the quarter. Huntington National Bank’s holdings in Canadian Pacific Kansas City were worth $41,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CP. Bank of Montreal Can raised its stake in Canadian Pacific Kansas City by 2.8% in the 2nd quarter. Bank of Montreal Can now owns 19,932,768 shares of the transportation company’s stock worth $1,580,556,000 after acquiring an additional 533,792 shares during the last quarter. 1832 Asset Management L.P. lifted its position in Canadian Pacific Kansas City by 5.5% during the second quarter. 1832 Asset Management L.P. now owns 13,821,347 shares of the transportation company’s stock valued at $1,088,155,000 after purchasing an additional 723,188 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Canadian Pacific Kansas City by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 11,568,212 shares of the transportation company’s stock valued at $909,721,000 after purchasing an additional 216,062 shares during the last quarter. Fiera Capital Corp grew its position in Canadian Pacific Kansas City by 1.9% during the 3rd quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company’s stock worth $497,918,000 after purchasing an additional 107,183 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in shares of Canadian Pacific Kansas City by 1.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,810,256 shares of the transportation company’s stock valued at $221,272,000 after buying an additional 31,900 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CP shares. Stephens lowered their target price on Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Barclays boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus decreased their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Friday, October 11th. Finally, Citigroup cut their price target on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a report on Tuesday, November 12th. Eight analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $93.68.

Canadian Pacific Kansas City Stock Down 0.2 %

Shares of NYSE:CP opened at $73.80 on Wednesday. The firm’s 50-day moving average is $81.02 and its two-hundred day moving average is $80.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1 year low of $69.27 and a 1 year high of $91.58. The firm has a market capitalization of $68.88 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analysts’ expectations of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 earnings per share. Analysts predict that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 dividend on an annualized basis and a yield of 0.76%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.00%.

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.