Hemenway Trust Co LLC Reduces Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Hemenway Trust Co LLC decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,860 shares of the transportation company’s stock after selling 633 shares during the quarter. Hemenway Trust Co LLC’s holdings in Canadian Pacific Kansas City were worth $958,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Anchor Investment Management LLC purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $40,000. Independence Bank of Kentucky purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $43,000. McGlone Suttner Wealth Management Inc. purchased a new position in Canadian Pacific Kansas City during the fourth quarter valued at $45,000. Tobam purchased a new position in Canadian Pacific Kansas City during the first quarter valued at $51,000. Finally, Rational Advisors LLC purchased a new position in Canadian Pacific Kansas City during the first quarter valued at $52,000. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, April 25th. Evercore ISI lowered their price target on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a research report on Thursday, April 25th. Jefferies Financial Group assumed coverage on Canadian Pacific Kansas City in a research report on Monday, April 8th. They issued a “buy” rating and a $105.00 price target for the company. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday. Finally, Barclays lifted their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.95.

Canadian Pacific Kansas City Stock Up 2.5 %

Shares of NYSE CP traded up $2.06 during mid-day trading on Thursday, reaching $83.27. 2,220,184 shares of the company were exchanged, compared to its average volume of 2,200,475. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a market cap of $77.68 billion, a price-to-earnings ratio of 26.69, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The firm has a 50-day moving average of $79.43 and a 200 day moving average of $82.31.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 earnings per share for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a yield of 0.68%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 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.