Cullen Frost Bankers Inc. Sells 8,274 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Cullen Frost Bankers Inc. decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 282,548 shares of the transportation company's stock after selling 8,274 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Canadian Pacific Kansas City were worth $19,838,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $914,090,000. Causeway Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after acquiring an additional 6,687,770 shares during the period. Invesco Ltd. lifted its position in shares of Canadian Pacific Kansas City by 25.7% during the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after acquiring an additional 2,177,604 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in Canadian Pacific Kansas City by 44.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock worth $351,723,000 after acquiring an additional 1,516,684 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock worth $899,805,000 after purchasing an additional 1,262,913 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CP has been the subject of several research reports. Bank of America raised their target price on Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Argus set a $90.00 price objective on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. 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 report on Wednesday, July 9th. The Goldman Sachs Group reissued a "neutral" rating and issued a $91.00 price target on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Finally, Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average price target of $91.95.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $0.60 on Thursday, hitting $80.25. 1,821,741 shares of the stock traded hands, compared to its average volume of 2,815,940. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. The business's fifty day moving average is $80.41 and its two-hundred day moving average is $76.75. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $87.72. The firm has a market capitalization of $73.94 billion, a price-to-earnings ratio of 27.12, a PEG ratio of 2.27 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.68% and a net margin of 25.99%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Friday, June 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 22.30%.

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.