Citigroup Inc. Has $18.04 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Citigroup Inc. reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 36.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 257,024 shares of the transportation company's stock after selling 148,823 shares during the period. Citigroup Inc.'s holdings in Canadian Pacific Kansas City were worth $18,035,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $27,000. Cornerstone Planning Group LLC increased its holdings in Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after purchasing an additional 256 shares in the last quarter. Cheviot Value Management LLC bought a new position in Canadian Pacific Kansas City during the 1st quarter worth about $30,000. Bernard Wealth Management Corp. bought a new position in Canadian Pacific Kansas City during the 4th quarter worth about $31,000. Finally, Hexagon Capital Partners LLC increased its holdings in Canadian Pacific Kansas City by 49.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after purchasing an additional 164 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of a number of research reports. Evercore ISI lowered their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a report on Thursday, May 1st. Susquehanna restated a "positive" rating and issued a $94.00 price objective (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Bank of America raised their price objective on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. National Bank Financial upgraded Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 30th. Finally, Barclays raised their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Stock Performance

Shares of CP traded up $0.24 during mid-day trading on Friday, hitting $74.12. 1,649,125 shares of the company's stock were exchanged, compared to its average volume of 3,530,983. The stock's 50-day simple moving average is $78.45 and its 200-day simple moving average is $76.74. The firm has a market cap of $67.72 billion, a price-to-earnings ratio of 23.09, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. 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 announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business earned $1.05 earnings per share. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be paid a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City's payout ratio is presently 20.25%.

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.