TD Waterhouse Canada Inc. Acquires 83,176 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

TD Waterhouse Canada Inc. increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,724,786 shares of the transportation company’s stock after purchasing an additional 83,176 shares during the quarter. Canadian Pacific Kansas City makes up 1.0% of TD Waterhouse Canada Inc.’s investment portfolio, making the stock its 25th biggest holding. TD Waterhouse Canada Inc.’s holdings in Canadian Pacific Kansas City were worth $124,615,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter worth approximately $914,090,000. Causeway Capital Management LLC lifted its holdings in Canadian Pacific Kansas City by 76.5% in the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock valued at $1,116,632,000 after buying an additional 6,687,770 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Canadian Pacific Kansas City by 281.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,433,669 shares of the transportation company’s stock valued at $252,912,000 after buying an additional 2,532,519 shares during the period. Invesco Ltd. boosted its position in Canadian Pacific Kansas City by 25.7% during the fourth quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company’s stock valued at $770,526,000 after acquiring an additional 2,177,604 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Canadian Pacific Kansas City by 27.2% during the 4th quarter. Geode Capital Management LLC now owns 5,511,465 shares of the transportation company’s stock worth $404,849,000 after acquiring an additional 1,179,108 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CP shares. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, January 30th. Argus set a $90.00 price target on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Loop Capital downgraded shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Citigroup cut their target price on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, Jefferies Financial Group decreased their price target on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.75.

Canadian Pacific Kansas City Price Performance

CP stock opened at $74.55 on Monday. The business has a 50-day simple moving average of $74.21 and a two-hundred day simple moving average of $75.83. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $88.31. The company has a market capitalization of $69.35 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Research analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a dividend of $0.1318 per share. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.71%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

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.