Titan Global Capital Management USA LLC Has $3.37 Million Position in Canadian Pacific Kansas City Limited $CP

Titan Global Capital Management USA LLC cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 25.4% during the first quarter, HoldingsChannel reports. The firm owned 42,780 shares of the transportation company’s stock after selling 14,559 shares during the period. Titan Global Capital Management USA LLC’s holdings in Canadian Pacific Kansas City were worth $3,365,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Intech Investment Management LLC lifted its holdings in shares of Canadian Pacific Kansas City by 16.0% during the first quarter. Intech Investment Management LLC now owns 21,276 shares of the transportation company’s stock worth $1,493,000 after buying an additional 2,940 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Canadian Pacific Kansas City in the 1st quarter worth $35,000. Sivia Capital Partners LLC bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $206,000. Prudential Financial Inc. lifted its stake in shares of Canadian Pacific Kansas City by 8.7% in the second quarter. Prudential Financial Inc. now owns 5,183 shares of the transportation company’s stock valued at $411,000 after buying an additional 415 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in Canadian Pacific Kansas City by 39.3% during the second 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 in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 2.2%

Shares of CP opened at $91.64 on Tuesday. The company has a quick ratio of 0.57, a current ratio of 0.67 and a debt-to-equity ratio of 0.46. The company has a 50-day moving average price of $88.38 and a two-hundred day moving average price of $82.95. The stock has a market cap of $81.10 billion, a price-to-earnings ratio of 28.28, a P/E/G ratio of 1.87 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 12 month low of $68.42 and a 12 month high of $93.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a net margin of 27.20% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities analysts predict that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be paid a $0.268 dividend. The ex-dividend date of this dividend is Friday, June 26th. This represents a $1.07 annualized dividend and a yield of 1.2%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is presently 24.07%.

Analyst Ratings Changes

A number of brokerages have commented on CP. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. Susquehanna boosted their price objective on Canadian Pacific Kansas City from $104.00 to $106.00 and gave the company a “positive” rating in a research report on Tuesday, July 14th. Wall Street Zen lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Saturday. Evercore set a $91.00 target price on Canadian Pacific Kansas City and gave the stock an “outperform” rating in a research report on Thursday, June 25th. Finally, Argus set a $105.00 price target on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $104.91.

Canadian Pacific Kansas City Company Profile

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.