Trust Co. of Vermont Purchases 135 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Trust Co. of Vermont boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.7% during the third quarter, HoldingsChannel reports. The fund owned 3,037 shares of the transportation company’s stock after buying an additional 135 shares during the quarter. Trust Co. of Vermont’s holdings in Canadian Pacific Kansas City were worth $260,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in CP. Grove Bank & Trust boosted its holdings in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after acquiring an additional 130 shares during the period. LRI Investments LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter worth about $32,000. Chris Bulman Inc bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $35,000. Asset Dedication LLC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter valued at about $38,000. Finally, ORG Partners LLC bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at about $39,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $80.08 on Friday. The company has a 50-day simple moving average of $82.83 and a two-hundred day simple moving average of $81.67. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The firm has a market cap of $74.72 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.21 and a beta of 0.96. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.31. The company had revenue of $3.60 billion during the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.2 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be issued a $0.1373 dividend. This represents a $0.55 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is 17.31%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CP. Evercore ISI boosted their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, September 25th. Jefferies Financial Group reduced their price target on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Sanford C. Bernstein lowered their price objective on Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Stifel Nicolaus dropped their price objective on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating for the company in a research note on Friday, October 11th. Finally, Citigroup started coverage on Canadian Pacific Kansas City in a research note on Wednesday, October 9th. They issued a “buy” rating and a $97.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.90.

About Canadian Pacific Kansas City

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.