Venturi Wealth Management LLC Raises Stock Holdings in Canadian Pacific Kansas City Limited $CP

Venturi Wealth Management LLC boosted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,815 shares of the transportation company’s stock after purchasing an additional 663 shares during the quarter. Venturi Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Canadian Pacific Kansas City by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 37,142,988 shares of the transportation company’s stock worth $2,606,624,000 after purchasing an additional 364,515 shares during the period. TD Asset Management Inc increased its holdings in shares of Canadian Pacific Kansas City by 0.5% in the 1st quarter. TD Asset Management Inc now owns 20,865,404 shares of the transportation company’s stock valued at $1,464,094,000 after acquiring an additional 104,077 shares during the period. Causeway Capital Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 11.5% in the 1st quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company’s stock valued at $1,207,605,000 after acquiring an additional 1,778,984 shares during the period. Invesco Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 59.5% in the 1st quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company’s stock valued at $1,192,471,000 after acquiring an additional 6,337,312 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Canadian Pacific Kansas City by 6.5% in the 1st quarter. Mackenzie Financial Corp now owns 16,347,804 shares of the transportation company’s stock valued at $1,147,220,000 after acquiring an additional 999,522 shares during the period. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CP. Stephens lifted their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Scotiabank reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. Wall Street Zen cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. Finally, National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. One investment 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 issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $91.85.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $75.74 on Friday. The stock has a 50-day moving average of $75.30 and a two-hundred day moving average of $76.46. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $83.65. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a market cap of $68.69 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.19 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the firm posted $1.05 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. As a group, research analysts predict 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 declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. Canadian Pacific Kansas City’s payout ratio is presently 20.56%.

Canadian Pacific Kansas City Company 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.