Whalen Wealth Management Inc. Lowers Position in Canadian Pacific Kansas City Limited $CP

Whalen Wealth Management Inc. reduced its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 56.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,970 shares of the transportation company’s stock after selling 6,479 shares during the quarter. Whalen Wealth Management Inc.’s holdings in Canadian Pacific Kansas City were worth $394,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in 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 valued at $2,606,624,000 after purchasing an additional 364,515 shares during the period. TD Asset Management Inc boosted its stake in Canadian Pacific Kansas City by 0.7% in the 2nd quarter. TD Asset Management Inc now owns 21,002,374 shares of the transportation company’s stock worth $1,665,106,000 after purchasing an additional 136,970 shares during the period. Causeway Capital Management LLC boosted its stake in 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 worth $1,207,605,000 after purchasing an additional 1,778,984 shares during the period. Invesco Ltd. boosted its stake in 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 worth $1,192,471,000 after purchasing an additional 6,337,312 shares during the period. Finally, Mackenzie Financial Corp raised 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 in the last quarter. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.0%

Shares of NYSE:CP opened at $74.43 on Wednesday. The stock has a fifty day simple moving average of $75.58 and a two-hundred day simple moving average of $76.99. The stock has a market capitalization of $67.50 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.11 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $83.65. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CP. Citigroup lowered their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating on the stock in a report on Monday, October 13th. Barclays set a $90.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Scotiabank reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, July 10th. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Finally, National Bank Financial upgraded Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and an average price target of $91.38.

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.