TD Private Client Wealth LLC Sells 212 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

TD Private Client Wealth LLC cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,902 shares of the transportation company’s stock after selling 212 shares during the period. TD Private Client Wealth LLC’s holdings in Canadian Pacific Kansas City were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of CP. Ballast Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 3.3% during the fourth quarter. Ballast Advisors LLC now owns 9,494 shares of the transportation company’s stock worth $687,000 after acquiring an additional 305 shares during the last quarter. Whittier Trust Co. raised its holdings in Canadian Pacific Kansas City by 14.2% during the 4th quarter. Whittier Trust Co. now owns 24,527 shares of the transportation company’s stock worth $1,775,000 after purchasing an additional 3,059 shares during the last quarter. Viawealth LLC lifted its position in Canadian Pacific Kansas City by 39.6% during the 4th quarter. Viawealth LLC now owns 7,038 shares of the transportation company’s stock valued at $509,000 after purchasing an additional 1,996 shares during the period. Magnetar Financial LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $1,104,000. Finally, Royal London Asset Management Ltd. grew its position in shares of Canadian Pacific Kansas City by 0.7% during the 4th quarter. Royal London Asset Management Ltd. now owns 432,212 shares of the transportation company’s stock worth $31,279,000 after buying an additional 2,843 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $72.38 on Wednesday. The company has a fifty day moving average price of $76.64 and a 200 day moving average price of $77.71. The firm has a market cap of $67.58 billion, a PE ratio of 24.96, a PEG ratio of 2.00 and a beta of 0.98. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $89.26.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CP. Royal Bank of Canada increased their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Wednesday, December 25th. Susquehanna dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a report on Wednesday, January 8th. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Barclays decreased their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $95.45.

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.