Intrust Bank NA Sells 2,833 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Intrust Bank NA trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 20.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,363 shares of the transportation company’s stock after selling 2,833 shares during the period. Intrust Bank NA’s holdings in Canadian Pacific Kansas City were worth $898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City during the third quarter valued at about $31,000. Anchor Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $40,000. Independence Bank of Kentucky bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $43,000. McGlone Suttner Wealth Management Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $45,000. Finally, Wetzel Investment Advisors Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $70,000. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CP has been the topic of a number of recent analyst reports. Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their price target for the company from $90.00 to $87.00 in a report on Monday, January 8th. Evercore cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Evercore ISI cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Barclays increased their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Stifel Nicolaus cut their price target on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Twelve analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $96.42.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down $0.86 on Tuesday, hitting $79.99. 152,156 shares of the stock traded hands, compared to its average volume of 2,096,277. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. The firm has a market cap of $74.60 billion, a price-to-earnings ratio of 25.91, a PEG ratio of 2.31 and a beta of 0.94. The firm has a 50 day simple moving average of $86.94 and a two-hundred day simple moving average of $79.96. Canadian Pacific Kansas City Limited has a 52 week low of $68.92 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.16 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be paid a $0.141 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

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.