TCI Fund Management Ltd. Has $4.19 Billion Stake in Canadian Pacific Kansas City Limited $CP

TCI Fund Management Ltd. cut its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,826,885 shares of the transportation company’s stock after selling 2,086,400 shares during the period. Canadian Pacific Kansas City comprises about 8.3% of TCI Fund Management Ltd.’s investment portfolio, making the stock its 6th largest position. TCI Fund Management Ltd. owned 5.78% of Canadian Pacific Kansas City worth $4,188,853,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC purchased a new position in Canadian Pacific Kansas City in the 2nd quarter valued at about $27,000. Acadian Asset Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Chilton Capital Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the second quarter worth $49,000. WPG Advisers LLC purchased a new position in Canadian Pacific Kansas City in the first quarter worth $50,000. Finally, LRI Investments LLC increased its position in shares of Canadian Pacific Kansas City by 42.1% in the second quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock valued at $57,000 after buying an additional 213 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

CP stock opened at $74.08 on Tuesday. The company’s 50-day moving average price is $73.36 and its two-hundred day moving average price is $76.17. The firm has a market cap of $66.47 billion, a P/E ratio of 22.59, a P/E/G ratio of 1.87 and a beta of 1.11. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46. Canadian Pacific Kansas City Limited has a 12 month low of $66.49 and a 12 month high of $83.65.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.01). The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.During the same period in the previous year, the firm posted $0.99 earnings per share. On average, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. Canadian Pacific Kansas City’s payout ratio is presently 20.12%.

Analyst Ratings Changes

Several research analysts have commented on CP shares. Barclays set a $90.00 price objective on Canadian Pacific Kansas City and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a research report on Thursday, October 30th. Royal Bank Of Canada cut their price objective on Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating for the company in a report on Thursday, October 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Morgan Stanley upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $91.69.

About Canadian Pacific Kansas City

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.