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

TD Asset Management Inc cut its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 11.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,642,229 shares of the transportation company’s stock after selling 2,360,145 shares during the period. Canadian Pacific Kansas City comprises approximately 1.1% of TD Asset Management Inc’s investment portfolio, making the stock its 17th biggest position. TD Asset Management Inc owned 2.07% of Canadian Pacific Kansas City worth $1,388,721,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Frank Rimerman Advisors LLC raised its holdings in shares of Canadian Pacific Kansas City by 0.8% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 17,654 shares of the transportation company’s stock worth $1,399,000 after buying an additional 139 shares in the last quarter. Assetmark Inc. grew its position in Canadian Pacific Kansas City by 28.5% in the second quarter. Assetmark Inc. now owns 861 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 191 shares during the last quarter. Signaturefd LLC grew its position in Canadian Pacific Kansas City by 1.0% in the third quarter. Signaturefd LLC now owns 20,235 shares of the transportation company’s stock valued at $1,507,000 after acquiring an additional 207 shares during the last quarter. Savant Capital LLC raised its stake in Canadian Pacific Kansas City by 0.7% during the third quarter. Savant Capital LLC now owns 30,499 shares of the transportation company’s stock worth $2,272,000 after acquiring an additional 220 shares in the last quarter. Finally, Pacifica Partners Inc. raised its stake in Canadian Pacific Kansas City by 12.0% during the third quarter. Pacifica Partners Inc. now owns 2,155 shares of the transportation company’s stock worth $161,000 after acquiring an additional 231 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 1.8%

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

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS 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 business had revenue of $2.85 billion for the quarter, compared to analyst estimates of $2.85 billion. During the same quarter last year, the firm posted $1.29 EPS. Canadian Pacific Kansas City’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given 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 is Friday, March 27th. Canadian Pacific Kansas City’s payout ratio is 20.43%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CP. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, January 21st. Evercore cut their target price on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Barclays set a $93.00 target price on shares of Canadian Pacific Kansas City in a research note on Thursday, January 29th. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $88.00 to $86.00 and set a “buy” rating for the company in a report on Friday, January 30th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Ten analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.