Atlantic Union Bankshares Corp Trims Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Atlantic Union Bankshares Corp reduced its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 10.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,880 shares of the transportation company’s stock after selling 2,033 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Canadian Pacific Kansas City were worth $1,222,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Larson Financial Group LLC grew its position in Canadian Pacific Kansas City by 7.9% in the 4th quarter. Larson Financial Group LLC now owns 2,716 shares of the transportation company’s stock valued at $197,000 after buying an additional 198 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its position in Canadian Pacific Kansas City by 11.6% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 615,873 shares of the transportation company’s stock valued at $44,536,000 after purchasing an additional 64,247 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Canadian Pacific Kansas City by 27.9% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 240,150 shares of the transportation company’s stock valued at $17,380,000 after acquiring an additional 52,393 shares during the last quarter. EagleClaw Capital Managment LLC lifted its holdings in Canadian Pacific Kansas City by 15.8% in the 4th quarter. EagleClaw Capital Managment LLC now owns 13,961 shares of the transportation company’s stock worth $1,010,000 after purchasing an additional 1,910 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Canadian Pacific Kansas City by 750.5% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 22,701 shares of the transportation company’s stock worth $1,643,000 after purchasing an additional 20,032 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on CP. Wells Fargo & Company cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. Stephens lifted their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Loop Capital cut shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Finally, Citigroup boosted their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.45.

Canadian Pacific Kansas City Stock Down 0.9 %

CP opened at $77.69 on Friday. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $76.81 and a two-hundred day simple moving average of $78.49. The company has a market capitalization of $72.54 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a yield of 0.68%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

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.