107,253 Canadian Pacific Kansas City Limited $CP Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lowered its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,082,507 shares of the transportation company’s stock after selling 107,253 shares during the period. Canadian Pacific Kansas City makes up 1.4% of TD Waterhouse Canada Inc.’s holdings, making the stock its 21st largest position. TD Waterhouse Canada Inc. owned approximately 0.70% of Canadian Pacific Kansas City worth $513,445,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Canadian Pacific Kansas City during the second quarter valued at $802,983,000. The Manufacturers Life Insurance Company bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at about $657,672,000. Legal & General Group Plc acquired a new stake in Canadian Pacific Kansas City in the second quarter worth about $604,797,000. Jupiter Topco LLC acquired a new stake in Canadian Pacific Kansas City in the second quarter worth about $576,687,000. Finally, Canada Pension Plan Investment Board acquired a new stake in Canadian Pacific Kansas City in the second quarter worth about $542,469,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CP. Canadian Imperial Bank of Commerce increased their target price on shares of Canadian Pacific Kansas City from C$140.00 to C$143.00 and gave the company an “outperformer” rating in a research report on Thursday, June 25th. Zacks Research upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 30th. Evercore set a $99.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Barclays set a $102.00 price objective on shares of Canadian Pacific Kansas City and gave the company an “overweight” rating in a report on Thursday, June 25th. Finally, Weiss Ratings upgraded shares of Canadian Pacific Kansas City from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $111.83.

Canadian Pacific Kansas City Price Performance

CP stock traded up $0.43 during trading hours on Friday, hitting $87.34. 1,935,278 shares of the stock traded hands, compared to its average volume of 2,295,800. The stock has a 50-day simple moving average of $89.56 and a 200 day simple moving average of $87.85. The company has a market cap of $76.43 billion, a P/E ratio of 28.08, a P/E/G ratio of 1.83 and a beta of 1.13. Canadian Pacific Kansas City Limited has a one year low of $68.42 and a one year high of $96.90. 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 (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the business earned $1.12 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 12.6% compared to the same quarter last year. Equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.68 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

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

About Canadian Pacific Kansas City

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.