Hancock Whitney Corp Acquires 565 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Hancock Whitney Corp grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,104 shares of the transportation company’s stock after purchasing an additional 565 shares during the period. Hancock Whitney Corp’s holdings in Canadian Pacific Kansas City were worth $1,976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. JARISLOWSKY FRASER Ltd grew its position in Canadian Pacific Kansas City by 63.6% in the fourth quarter. JARISLOWSKY FRASER Ltd now owns 89,644 shares of the transportation company’s stock valued at $7,127,000 after acquiring an additional 34,856 shares during the period. Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City during the 4th quarter worth about $207,850,000. The Manufacturers Life Insurance Company lifted its holdings in Canadian Pacific Kansas City by 4.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock valued at $948,585,000 after purchasing an additional 507,177 shares during the last quarter. Choate Investment Advisors boosted its position in Canadian Pacific Kansas City by 24.2% in the first quarter. Choate Investment Advisors now owns 72,010 shares of the transportation company’s stock valued at $6,349,000 after buying an additional 14,037 shares in the last quarter. Finally, Sei Investments Co. grew its stake in Canadian Pacific Kansas City by 1.9% during the fourth quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock worth $52,752,000 after buying an additional 12,323 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $85.86 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. The company has a market cap of $80.11 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96. The business’s fifty day moving average is $82.16 and its 200-day moving average is $82.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its 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 firm had revenue of $3.60 billion for the quarter, compared to analysts’ expectations of $3.58 billion. Canadian Pacific Kansas City had a return on equity of 8.77% and a net margin of 24.45%. The company’s revenue was up 13.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.62 earnings per share. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be issued a dividend of $0.1373 per share. This represents a $0.55 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Friday, September 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.31%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CP. Wells Fargo & Company started coverage on shares of Canadian Pacific Kansas City in a research note on Friday, June 7th. They issued an “overweight” rating and a $90.00 target price for the company. Sanford C. Bernstein boosted their price objective on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the stock a “market perform” rating in a research note on Monday, July 8th. Jefferies Financial Group decreased their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Stifel Nicolaus lifted their price target on Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, Susquehanna reissued a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Nine research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price 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.