Whittier Trust Co. of Nevada Inc. Sells 1,514 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Whittier Trust Co. of Nevada Inc. trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 29.2% during the fourth quarter, Holdings Channel reports. The firm owned 3,675 shares of the transportation company’s stock after selling 1,514 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Canadian Pacific Kansas City were worth $266,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $2,602,000. Oak Family Advisors LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at approximately $262,000. Barclays PLC lifted its stake in Canadian Pacific Kansas City by 2.8% in the 3rd quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock valued at $250,602,000 after purchasing an additional 81,111 shares during the last quarter. Toronto Dominion Bank lifted its stake in Canadian Pacific Kansas City by 20.4% in the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock valued at $178,189,000 after purchasing an additional 352,534 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at $249,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Barclays dropped their price target on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Wells Fargo & Company reduced their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Royal Bank of Canada raised their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Finally, Stifel Nicolaus dropped their price target on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Price Performance

CP opened at $71.83 on Monday. The company has a market capitalization of $67.07 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 2.00 and a beta of 0.98. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average price of $76.69 and a 200-day moving average price of $77.86. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a yield of 0.73%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

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.