TD Asset Management Inc Purchases 136,970 Shares of Canadian Pacific Kansas City Limited $CP

TD Asset Management Inc increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,002,374 shares of the transportation company’s stock after purchasing an additional 136,970 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.4% of TD Asset Management Inc’s holdings, making the stock its 12th biggest holding. TD Asset Management Inc owned approximately 2.29% of Canadian Pacific Kansas City worth $1,665,106,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CP. Vanguard Group Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company’s stock worth $2,606,624,000 after acquiring an additional 364,515 shares in the last quarter. Causeway Capital Management LLC boosted its stake in Canadian Pacific Kansas City by 11.5% in the first quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock worth $1,207,605,000 after purchasing an additional 1,778,984 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Canadian Pacific Kansas City by 59.5% during the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock worth $1,192,471,000 after purchasing an additional 6,337,312 shares during the last quarter. Mackenzie Financial Corp increased its stake in shares of Canadian Pacific Kansas City by 6.5% in the first quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company’s stock valued at $1,147,220,000 after buying an additional 999,522 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Canadian Pacific Kansas City by 70.4% in the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company’s stock valued at $652,936,000 after buying an additional 3,842,866 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $76.11 on Tuesday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The company has a market cap of $69.02 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 2.11 and a beta of 1.08. The business’s fifty day moving average is $75.38 and its 200-day moving average is $76.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the previous year, the company posted $1.05 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s payout ratio is 20.56%.

Analyst Upgrades and Downgrades

CP has been the topic of a number of research analyst reports. Susquehanna decreased their price objective on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating on the stock in a report on Thursday, September 25th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. Citigroup lowered their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday. National Bankshares restated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, Stephens lifted their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and an average price target of $91.38.

Canadian Pacific Kansas City Profile

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.