JLB & Associates Inc. Trims Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

JLB & Associates Inc. decreased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 31.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,985 shares of the transportation company's stock after selling 5,585 shares during the quarter. JLB & Associates Inc.'s holdings in Canadian Pacific Kansas City were worth $841,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CP. Bernard Wealth Management Corp. bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $31,000. Kestra Investment Management LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $33,000. Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $36,000. Curio Wealth LLC bought a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth approximately $39,000. Finally, Curat Global LLC bought a new position in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $42,000. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. The Goldman Sachs Group reissued a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Bank of America lifted their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research report on Friday, May 16th. Royal Bank Of Canada dropped 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 research report on Thursday, May 1st. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Finally, Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.66.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock traded up $0.01 during trading hours on Thursday, hitting $80.15. 1,281,751 shares of the company were exchanged, compared to its average volume of 2,790,040. The firm has a fifty day simple moving average of $77.72 and a 200 day simple moving average of $75.93. The company has a current ratio of 0.81, a quick ratio of 0.70 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The stock has a market capitalization of $73.85 billion, a price-to-earnings ratio of 27.08, a P/E/G ratio of 2.18 and a beta of 1.10.

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 (EPS) for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business posted $0.93 EPS. Canadian Pacific Kansas City's quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts predict 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be paid a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. 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 payout ratio is currently 17.91%.

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.