Banque Transatlantique SA Grows Stake in Canadian Pacific Kansas City Limited $CP

Banque Transatlantique SA increased its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 127.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,723 shares of the transportation company’s stock after purchasing an additional 97,964 shares during the period. Banque Transatlantique SA’s holdings in Canadian Pacific Kansas City were worth $13,864,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Blue Capital Inc. bought a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at approximately $640,000. Bank of America Corp DE grew its stake in Canadian Pacific Kansas City by 2.0% during the second quarter. Bank of America Corp DE now owns 5,298,525 shares of the transportation company’s stock valued at $420,014,000 after acquiring an additional 103,905 shares in the last quarter. Alkeon Capital Management LLC increased its holdings in Canadian Pacific Kansas City by 82.2% in the 2nd quarter. Alkeon Capital Management LLC now owns 2,004,000 shares of the transportation company’s stock valued at $158,857,000 after acquiring an additional 904,000 shares during the last quarter. Worldquant Millennium Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth $692,000. Finally, Banco BTG Pactual S.A. bought a new position in shares of Canadian Pacific Kansas City during the 2nd quarter valued at about $491,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $75.11 on Friday. The firm has a market capitalization of $67.39 billion, a PE ratio of 22.90, a PEG ratio of 1.90 and a beta of 1.11. The stock’s fifty day moving average is $73.28 and its 200 day moving average is $76.07. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $83.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Wednesday, December 31st will be issued a dividend of $0.228 per share. This represents a $0.91 annualized dividend and a yield of 1.2%. The ex-dividend date 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 currently 20.12%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CP. Jefferies Financial Group set a $90.00 target price on Canadian Pacific Kansas City in a report on Thursday, October 30th. Citigroup cut their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a “buy” rating for the company in a report on Monday, October 13th. Morgan Stanley raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating in a report on Monday. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Evercore ISI decreased their price target on shares of Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of “Moderate Buy” and an average target price of $91.69.

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.