PNC Financial Services Group Inc. Decreases Stock Holdings in Canadian Pacific Kansas City Limited $CP

PNC Financial Services Group Inc. decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,037 shares of the transportation company’s stock after selling 8,337 shares during the period. PNC Financial Services Group Inc.’s holdings in Canadian Pacific Kansas City were worth $14,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Frank Rimerman Advisors LLC lifted its position in shares of Canadian Pacific Kansas City by 0.8% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 17,799 shares of the transportation company’s stock valued at $1,326,000 after buying an additional 145 shares in the last quarter. Cromwell Holdings LLC lifted its holdings in Canadian Pacific Kansas City by 8.1% in the 4th quarter. Cromwell Holdings LLC now owns 1,936 shares of the transportation company’s stock valued at $143,000 after purchasing an additional 145 shares in the last quarter. Fortune Financial Advisors LLC lifted its holdings in Canadian Pacific Kansas City by 1.2% in the 4th quarter. Fortune Financial Advisors LLC now owns 13,623 shares of the transportation company’s stock valued at $1,003,000 after purchasing an additional 158 shares in the last quarter. Brookstone Capital Management lifted its holdings in Canadian Pacific Kansas City by 1.2% in the 4th quarter. Brookstone Capital Management now owns 14,355 shares of the transportation company’s stock valued at $1,057,000 after purchasing an additional 176 shares in the last quarter. Finally, Advisory Services Network LLC lifted its holdings in Canadian Pacific Kansas City by 3.1% in the 3rd quarter. Advisory Services Network LLC now owns 6,764 shares of the transportation company’s stock valued at $504,000 after purchasing an additional 204 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

CP has been the topic of a number of research reports. Citigroup raised their price objective on Canadian Pacific Kansas City from $93.00 to $97.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Barclays set a $99.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, April 30th. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Sunday, May 17th. National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Finally, ATB Cormark Capital Markets lowered Canadian Pacific Kansas City from a “strong-buy” rating to a “moderate buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $95.89.

Canadian Pacific Kansas City Stock Down 0.5%

Shares of CP opened at $86.28 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $89.42. The company has a market capitalization of $76.59 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.85 and a beta of 1.09. The stock has a fifty day simple moving average of $82.49 and a two-hundred day simple moving average of $78.17. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same period last year, the business earned $1.06 earnings per share. The firm’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.76 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Friday, June 26th will be paid a $0.268 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a dividend yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio is 24.07%.

Canadian Pacific Kansas City Company 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.