Cullen Frost Bankers Inc. Sells 17,148 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Cullen Frost Bankers Inc. trimmed its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 391,381 shares of the transportation company’s stock after selling 17,148 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Canadian Pacific Kansas City were worth $30,943,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. YCG LLC grew its stake in Canadian Pacific Kansas City by 32.5% during the fourth quarter. YCG LLC now owns 372,422 shares of the transportation company’s stock worth $29,444,000 after buying an additional 91,276 shares during the last quarter. SG Americas Securities LLC grew its stake in Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company’s stock worth $7,606,000 after buying an additional 12,748 shares during the last quarter. Element Capital Management LLC bought a new stake in Canadian Pacific Kansas City during the third quarter worth about $7,815,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Canadian Pacific Kansas City by 5.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 308,459 shares of the transportation company’s stock worth $24,525,000 after buying an additional 14,557 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in Canadian Pacific Kansas City by 26.3% during the fourth quarter. Jennison Associates LLC now owns 57,878 shares of the transportation company’s stock worth $4,577,000 after buying an additional 12,036 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of research reports. TD Securities lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Jefferies Financial Group initiated coverage on shares of Canadian Pacific Kansas City in a research report on Monday, April 8th. They set a “buy” rating and a $105.00 target price on the stock. Evercore reduced their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a research report on Thursday, April 25th. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Barclays upped their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Twelve analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average price target of $96.42.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $0.25 during trading hours on Tuesday, reaching $81.27. 1,814,350 shares of the company were exchanged, compared to its average volume of 2,144,901. The stock has a market capitalization of $75.79 billion, a P/E ratio of 26.05, a P/E/G ratio of 2.26 and a beta of 0.96. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The business’s 50 day simple moving average is $86.19 and its 200-day simple moving average is $80.29. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. On average, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.15 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.95%.

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.