Greenleaf Trust Purchases 15,404 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Greenleaf Trust boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 319,652 shares of the transportation company's stock after purchasing an additional 15,404 shares during the quarter. Greenleaf Trust's holdings in Canadian Pacific Kansas City were worth $22,443,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 18.8% during the 4th quarter. Smartleaf Asset Management LLC now owns 839 shares of the transportation company's stock worth $60,000 after buying an additional 133 shares during the period. Davidson Trust Co. boosted its holdings in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock worth $327,000 after buying an additional 144 shares during the period. Advisory Services Network LLC boosted its holdings in shares of Canadian Pacific Kansas City by 2.2% during the 4th quarter. Advisory Services Network LLC now owns 7,194 shares of the transportation company's stock worth $521,000 after buying an additional 152 shares during the period. Transatlantique Private Wealth LLC increased its stake in shares of Canadian Pacific Kansas City by 1.6% during the fourth quarter. Transatlantique Private Wealth LLC now owns 10,066 shares of the transportation company's stock worth $728,000 after purchasing an additional 157 shares during the period. Finally, Tradewinds LLC. increased its stake in shares of Canadian Pacific Kansas City by 3.8% during the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after purchasing an additional 157 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CP shares. Jefferies Financial Group lowered their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Evercore ISI cut their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Royal Bank Of Canada decreased their target price on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Citigroup upped their target price on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of "Moderate Buy" and a consensus target price of $91.95.

Canadian Pacific Kansas City Stock Up 2.1%

CP stock traded up $1.71 during midday trading on Thursday, hitting $83.10. The stock had a trading volume of 951,970 shares, compared to its average volume of 3,207,306. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.81 and a quick ratio of 0.70. The business has a 50-day moving average of $79.64 and a two-hundred day moving average of $76.46. The firm has a market cap of $76.57 billion, a price-to-earnings ratio of 28.05, a price-to-earnings-growth ratio of 2.26 and a beta of 1.07. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The firm had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. As a group, equities 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 company also recently announced 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 0.79%. This is a boost 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 presently 22.30%.

Canadian Pacific Kansas City Profile

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.