TD Waterhouse Canada Inc. Has $532.63 Million Stock Holdings in Canadian Pacific Kansas City Limited $CP

TD Waterhouse Canada Inc. increased its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.1% during the second quarter, Holdings Channel reports. The firm owned 6,189,760 shares of the transportation company’s stock after buying an additional 7,826 shares during the quarter. Canadian Pacific Kansas City makes up approximately 1.4% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 22nd largest holding. TD Waterhouse Canada Inc.’s holdings in Canadian Pacific Kansas City were worth $532,626,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Waycross Investment Management Co grew its holdings in Canadian Pacific Kansas City by 21.5% during the second quarter. Waycross Investment Management Co now owns 8,268 shares of the transportation company’s stock worth $716,000 after purchasing an additional 1,462 shares during the period. Ewing Morris & Co. Investment Partners Ltd. increased its position in Canadian Pacific Kansas City by 2.9% during the second quarter. Ewing Morris & Co. Investment Partners Ltd. now owns 7,786 shares of the transportation company’s stock worth $676,000 after buying an additional 219 shares during the last quarter. Nykredit A S bought a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $23,241,000. Pacifica Partners Inc. raised its stake in Canadian Pacific Kansas City by 10.3% in the second quarter. Pacifica Partners Inc. now owns 2,002 shares of the transportation company’s stock valued at $174,000 after buying an additional 187 shares during the period. Finally, Addenda Capital Inc. lifted its position in shares of Canadian Pacific Kansas City by 19.0% in the second quarter. Addenda Capital Inc. now owns 832,895 shares of the transportation company’s stock valued at $72,170,000 after buying an additional 133,245 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on CP. Wells Fargo & Company lifted their target price on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 8th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Argus set a $105.00 price target on Canadian Pacific Kansas City in a report on Tuesday, June 16th. Evercore set a $99.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, July 30th. Finally, Citigroup upped their price objective on shares of Canadian Pacific Kansas City from $106.00 to $109.00 and gave the company a “buy” rating in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Canadian Pacific Kansas City Price Performance

Shares of Canadian Pacific Kansas City stock opened at $91.28 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $68.42 and a twelve month high of $96.90. The company has a quick ratio of 0.50, a current ratio of 0.59 and a debt-to-equity ratio of 0.47. The company has a 50-day simple moving average of $91.31 and a two-hundred day simple moving average of $86.96. The stock has a market capitalization of $80.18 billion, a price-to-earnings ratio of 29.35, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Canadian Pacific Kansas City had a net margin of 25.02% and a return on equity of 9.02%. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the previous year, the firm posted $1.12 EPS. The business’s revenue for the quarter was up 12.6% compared to the same quarter last year. Analysts forecast that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be paid a $0.268 dividend. This represents a $1.07 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, September 25th. Canadian Pacific Kansas City’s payout ratio is 25.08%.

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.