TD Asset Management Inc Has $1.39 Billion Holdings in Canadian Pacific Kansas City Limited $CP

TD Asset Management Inc decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.2% in the 3rd quarter, Holdings Channel reports. The firm owned 18,642,229 shares of the transportation company’s stock after selling 2,360,145 shares during the quarter. Canadian Pacific Kansas City accounts for about 1.1% of TD Asset Management Inc’s portfolio, making the stock its 17th largest holding. TD Asset Management Inc’s holdings in Canadian Pacific Kansas City were worth $1,388,721,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CP. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $27,000. Caldwell Trust Co acquired a new position in Canadian Pacific Kansas City in the third quarter valued at $30,000. Acadian Asset Management LLC bought a new stake in Canadian Pacific Kansas City during the first quarter valued at $35,000. Cornerstone Planning Group LLC grew its holdings in Canadian Pacific Kansas City by 205.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after acquiring an additional 335 shares during the period. Finally, SJS Investment Consulting Inc. acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth about $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 1.8%

Shares of NYSE:CP opened at $86.31 on Wednesday. The firm has a market cap of $77.49 billion, a P/E ratio of 26.72, a PEG ratio of 1.81 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $86.34. The business’s 50 day simple moving average is $76.21 and its two-hundred day simple moving average is $74.85. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, January 28th. The transportation company reported $0.95 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a return on equity of 8.88% and a net margin of 27.49%.The firm had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same period in the previous year, the company earned $1.29 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CP shares. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Monday. Morgan Stanley upgraded Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Finally, Evercore lowered their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $92.00.

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.