Fiduciary Trust Co Sells 39,575 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Fiduciary Trust Co decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 54.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 33,035 shares of the transportation company's stock after selling 39,575 shares during the quarter. Fiduciary Trust Co's holdings in Canadian Pacific Kansas City were worth $2,391,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Proficio Capital Partners LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $2,602,000. Oak Family Advisors LLC acquired a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $262,000. Barclays PLC grew its stake in Canadian Pacific Kansas City by 2.8% in the third 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in Canadian Pacific Kansas City during the fourth quarter worth about $249,000. Finally, Phraction Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 53.6% during the 4th quarter. Phraction Management LLC now owns 13,306 shares of the transportation company's stock worth $963,000 after buying an additional 4,641 shares during the period. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Evercore ISI cut their target price on shares of Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Citigroup dropped their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Royal Bank of Canada dropped their target price on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.71.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded up $2.00 during midday trading on Tuesday, reaching $78.60. 5,657,299 shares of the company were exchanged, compared to its average volume of 2,762,907. The stock has a market cap of $73.13 billion, a P/E ratio of 27.10, a PEG ratio of 2.00 and a beta of 1.09. The stock has a fifty day simple moving average of $72.94 and a 200 day simple moving average of $75.04. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.93 EPS. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 annualized dividend and a yield of 0.84%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 21.28%.

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.