Charles Schwab Investment Management Inc. Increases Stake in Canadian Pacific Kansas City Limited $CP

Charles Schwab Investment Management Inc. raised its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.1% in the 2nd quarter, Holdings Channel reports. The fund owned 2,275,714 shares of the transportation company’s stock after acquiring an additional 90,519 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Canadian Pacific Kansas City were worth $180,434,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Canadian Pacific Kansas City by 2.9% during the second quarter. Vanguard Group Inc. now owns 38,223,823 shares of the transportation company’s stock worth $3,036,558,000 after purchasing an additional 1,080,835 shares in the last quarter. TD Asset Management Inc increased its position in Canadian Pacific Kansas City by 0.7% during the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after purchasing an additional 136,970 shares during the period. Causeway Capital Management LLC raised its stake in shares of Canadian Pacific Kansas City by 11.5% during the 1st quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after buying an additional 1,778,984 shares in the last quarter. Invesco Ltd. raised its stake in shares of Canadian Pacific Kansas City by 59.5% during the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock worth $1,192,471,000 after buying an additional 6,337,312 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Canadian Pacific Kansas City by 87.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after buying an additional 7,454,810 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. Barclays set a $90.00 target price on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Wall Street Zen upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, November 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a research report on Monday, October 13th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $91.69.

Canadian Pacific Kansas City Stock Up 0.9%

Shares of NYSE:CP opened at $72.17 on Thursday. 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 has a market capitalization of $64.75 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.81 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $83.65. The stock’s fifty day simple moving average is $73.58 and its 200-day simple moving average is $76.62.

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 the consensus estimate of $0.81 by ($0.01). The firm had revenue of $2.62 billion during the quarter, compared to analyst estimates 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 period in the previous year, the firm posted $0.99 EPS. As a group, equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

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

About Canadian Pacific Kansas City

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.