TD Asset Management Inc Has $1.37 Billion Stake in Canadian Pacific Kansas City Limited $CP

TD Asset Management Inc decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.2% in the 4th quarter, Holdings Channel reports. The fund owned 18,598,991 shares of the transportation company’s stock after selling 43,238 shares during the period. Canadian Pacific Kansas City accounts for 1.1% of TD Asset Management Inc’s investment portfolio, making the stock its 20th largest holding. TD Asset Management Inc’s holdings in Canadian Pacific Kansas City were worth $1,371,095,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CP. Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth about $35,000. Cornerstone Planning Group LLC raised its stake in Canadian Pacific Kansas City by 205.5% during the third quarter. Cornerstone Planning Group LLC now owns 498 shares of the transportation company’s stock worth $36,000 after acquiring an additional 335 shares in the last quarter. Wealth Watch Advisors INC acquired a new position in Canadian Pacific Kansas City during the third quarter worth about $36,000. Aventura Private Wealth LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter worth about $37,000. Finally, McIlrath & Eck LLC raised its stake in Canadian Pacific Kansas City by 475.3% during the fourth quarter. McIlrath & Eck LLC now owns 512 shares of the transportation company’s stock worth $38,000 after acquiring an additional 423 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CP. Barclays set a $99.00 price target on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a report on Thursday, April 30th. Scotiabank cut Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a report on Friday, May 29th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Finally, Royal Bank Of Canada reduced their price target on Canadian Pacific Kansas City from $128.00 to $127.00 and set an “outperform” rating on the stock in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $96.50.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $89.16 on Thursday. The stock has a market cap of $79.10 billion, a P/E ratio of 27.52, a price-to-earnings-growth ratio of 1.93 and a beta of 1.09. The company has a current ratio of 0.67, a quick ratio of 0.57 and a debt-to-equity ratio of 0.46. The stock’s 50-day moving average is $83.96 and its 200-day moving average is $79.27. Canadian Pacific Kansas City Limited has a 1-year low of $68.42 and a 1-year high of $91.50.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 27.20%.The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.70 billion. During the same quarter last year, the firm posted $1.06 earnings per share. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.76 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Friday, June 26th will be issued a $0.268 dividend. The ex-dividend date is Friday, June 26th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.68%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.