Citizens Financial Group Inc. RI Takes $229,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Citizens Financial Group Inc. RI purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,912 shares of the transportation company’s stock, valued at approximately $229,000.

A number of other institutional investors also recently modified their holdings of CP. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City during the first quarter worth about $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the second quarter worth about $35,000. ORG Partners LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth about $39,000. Tobam bought a new stake in Canadian Pacific Kansas City during the first quarter worth about $51,000. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Canadian Pacific Kansas City during the second quarter worth about $61,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Trading Up 1.0 %

Shares of NYSE:CP opened at $86.89 on Friday. The company has a market capitalization of $81.07 billion, a P/E ratio of 27.85, a P/E/G ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The business’s 50 day simple moving average is $82.11 and its 200 day simple moving average is $82.55.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.31. The business had revenue of $3.60 billion for the quarter, compared to the consensus estimate of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The firm’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.62 earnings per share. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be given a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Sanford C. Bernstein upped their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a report on Monday, July 8th. Susquehanna restated a “neutral” rating and issued a $80.00 price objective on shares of Canadian Pacific Kansas City in a research note on Wednesday, July 31st. Stifel Nicolaus upped their price objective on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, July 17th. Barclays dropped their price objective on Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Finally, Jefferies Financial Group dropped their price objective on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average price target of $96.36.

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.