Canadian Pacific Kansas City Limited $CP Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. cut its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 6,082,507 shares of the transportation company’s stock after selling 107,253 shares during the quarter. Canadian Pacific Kansas City comprises 1.4% of TD Waterhouse Canada Inc.’s holdings, making the stock its 21st biggest position. TD Waterhouse Canada Inc.’s holdings in Canadian Pacific Kansas City were worth $513,445,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Banque Pictet & Cie SA acquired a new position in shares of Canadian Pacific Kansas City in the 3rd quarter valued at $3,713,000. Cardinal Capital Management Inc. increased its stake in Canadian Pacific Kansas City by 1.8% in the 3rd quarter. Cardinal Capital Management Inc. now owns 1,732,658 shares of the transportation company’s stock worth $147,941,000 after purchasing an additional 30,613 shares in the last quarter. Triasima Portfolio Management inc. increased its stake in Canadian Pacific Kansas City by 93.9% in the 3rd quarter. Triasima Portfolio Management inc. now owns 25,048 shares of the transportation company’s stock worth $2,138,000 after purchasing an additional 12,133 shares in the last quarter. Ninety One UK Ltd increased its position in shares of Canadian Pacific Kansas City by 0.6% in the third quarter. Ninety One UK Ltd now owns 637,068 shares of the transportation company’s stock worth $54,385,000 after acquiring an additional 3,574 shares in the last quarter. Finally, Formuepleje A S purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth approximately $1,085,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 0.5%

NYSE CP traded up $0.43 during trading on Friday, reaching $87.34. 1,935,278 shares of the company’s stock were exchanged, compared to its average volume of 2,295,800. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.42 and a fifty-two week high of $96.90. The company’s fifty day simple moving average is $89.56 and its 200-day simple moving average is $87.85. The firm has a market capitalization of $76.43 billion, a PE ratio of 28.08, a P/E/G ratio of 1.83 and a beta of 1.13.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.68 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be given a dividend of C$0.27 per share. The ex-dividend date of this dividend is Friday, September 25th. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 24.76%.

Analysts Set New Price Targets

Several equities research analysts recently commented on CP shares. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $106.00 to $98.00 and set a “positive” rating for the company in a research report on Friday, October 2nd. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating on the stock. Citigroup reissued a “cautious” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 7th. Finally, Wells Fargo & Company increased their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $111.83.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City Limited (NYSE:CP) is a North American transportation company that operates a single-line railway linking Canada, the United States and Mexico. Headquartered in Calgary, Alberta, the company provides freight transportation and supply-chain services for customers across its extensive rail network.

CPKC transports a diverse range of products, including grain and fertilizers, coal, forest and industrial products, energy-related materials, automotive shipments, merchandise and intermodal freight.