Titan Global Capital Management USA LLC Lowers Stock Holdings in Canadian Pacific Kansas City Limited $CP

Titan Global Capital Management USA LLC reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 67.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,847 shares of the transportation company’s stock after selling 28,933 shares during the period. Titan Global Capital Management USA LLC’s holdings in Canadian Pacific Kansas City were worth $1,200,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CP. Prosperity Bancshares Inc bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $26,000. Gilpin Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $29,000. McMillan Office Inc. bought a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $31,000. Acadian Asset Management LLC purchased a new position in Canadian Pacific Kansas City during the 1st quarter worth $35,000. Finally, Wealth Watch Advisors INC purchased a new position in Canadian Pacific Kansas City during the 3rd quarter worth $36,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CP. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Scotiabank restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 16th. Stephens upgraded Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. Evercore set a $99.00 price objective on Canadian Pacific Kansas City in a report on Thursday, July 30th. Finally, Argus set a $105.00 price objective on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $108.60.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $93.53 on Friday. The firm has a market cap of $82.16 billion, a price-to-earnings ratio of 30.08, a PEG ratio of 1.84 and a beta of 1.10. Canadian Pacific Kansas City Limited has a 52-week low of $68.42 and a 52-week high of $94.66. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The company’s 50 day moving average is $89.72 and its 200 day moving average is $85.41.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, July 29th. The transportation company reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.Canadian Pacific Kansas City’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. On average, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.7 EPS for the current fiscal year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Friday, September 25th will be given a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is presently 25.08%.

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.