TD Waterhouse Canada Inc. increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Free Report) (TSE:CP) by 0.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,189,760 shares of the transportation company’s stock after buying an additional 7,826 shares during the quarter. Canadian Pacific Kansas City accounts for approximately 1.4% of TD Waterhouse Canada Inc.’s holdings, making the stock its 22nd largest holding. TD Waterhouse Canada Inc. owned 0.70% of Canadian Pacific Kansas City worth $532,626,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. Intech Investment Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 16.0% during the 1st quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock valued at $1,493,000 after purchasing an additional 2,940 shares in the last quarter. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $35,000. Sivia Capital Partners LLC bought a new stake in Canadian Pacific Kansas City during the 2nd quarter worth approximately $206,000. Prudential Financial Inc. increased its stake in Canadian Pacific Kansas City by 8.7% during the 2nd quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock worth $411,000 after purchasing an additional 415 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in Canadian Pacific Kansas City by 39.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,307 shares of the transportation company’s stock worth $104,000 after buying an additional 369 shares during the period. 72.20% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
CP has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Stephens upgraded shares of Canadian Pacific Kansas City to a “hold” rating in a report on Wednesday, July 8th. Canadian Imperial Bank of Commerce boosted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Susquehanna upped their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research note on Tuesday, July 14th. Finally, Citigroup increased their target price on Canadian Pacific Kansas City from $106.00 to $109.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.60.
Canadian Pacific Kansas City Stock Performance
CP opened at $91.28 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $96.90. The firm has a market capitalization of $80.18 billion, a PE ratio of 29.35, a PEG ratio of 1.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.50 and a current ratio of 0.59. The business’s 50-day simple moving average is $91.31 and its 200 day simple moving average is $86.96.
Canadian Pacific Kansas City (NYSE:CP – Get Free Report) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.72 earnings per share for the current fiscal year.
Canadian Pacific Kansas City Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be issued a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s dividend payout ratio is presently 25.08%.
About Canadian Pacific Kansas City
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.
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