Cullen Frost Bankers Inc. Sells 161,308 Shares of Canadian Pacific Kansas City Limited $CP

Cullen Frost Bankers Inc. reduced its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 59.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,339 shares of the transportation company’s stock after selling 161,308 shares during the period. Cullen Frost Bankers Inc.’s holdings in Canadian Pacific Kansas City were worth $8,145,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the second quarter worth about $27,000. Caldwell Trust Co bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $30,000. Acadian Asset Management LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 1st quarter worth approximately $35,000. SJS Investment Consulting Inc. purchased a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $39,000. Finally, Chilton Capital Management LLC bought a new position in Canadian Pacific Kansas City during the 2nd quarter valued at approximately $49,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.5%

Shares of Canadian Pacific Kansas City stock opened at $72.80 on Monday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. The company’s 50 day moving average is $72.74 and its 200 day moving average is $74.40. The company has a market cap of $65.35 billion, a price-to-earnings ratio of 22.20, a price-to-earnings-growth ratio of 1.61 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The company had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same quarter in the prior year, the firm posted $0.99 earnings per share. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a $0.228 dividend. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.12%.

Analyst Ratings Changes

CP has been the topic of a number of recent research reports. Citigroup set a $88.00 target price on Canadian Pacific Kansas City and gave the stock a “buy” rating in a research note on Thursday, January 8th. Natl Bk Canada downgraded shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 8th. Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 8th. Jefferies Financial Group set a $90.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Finally, Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $92.36.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.