TD Waterhouse Canada Inc. Cuts Stock Holdings in Canadian Pacific Kansas City Limited $CP

TD Waterhouse Canada Inc. lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,614,680 shares of the transportation company’s stock after selling 25,001 shares during the period. Canadian Pacific Kansas City comprises about 0.9% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 26th largest position. TD Waterhouse Canada Inc. owned about 0.18% of Canadian Pacific Kansas City worth $129,749,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CP. Cheviot Value Management LLC purchased a new stake in Canadian Pacific Kansas City in the 1st quarter valued at about $30,000. Acadian Asset Management LLC bought a new position in Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Chilton Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter valued at $49,000. WPG Advisers LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $50,000. Finally, LRI Investments LLC raised its stake in shares of Canadian Pacific Kansas City by 42.1% during the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after purchasing an additional 213 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $69.54 on Wednesday. The firm’s 50 day moving average is $74.19 and its 200 day moving average is $76.78. The stock has a market capitalization of $62.39 billion, a P/E ratio of 21.20, a PEG ratio of 2.02 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65. The company has a current ratio of 0.63, a quick ratio of 0.54 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The business had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period in the previous year, the firm earned $0.99 EPS. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.91 dividend on an annualized basis and a yield of 1.3%. Canadian Pacific Kansas City’s payout ratio is currently 19.51%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CP. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Citigroup decreased their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a research report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $91.69.

About Canadian Pacific Kansas City

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.