Blair William & Co. IL Acquires 1,855 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Blair William & Co. IL boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,239 shares of the transportation company’s stock after purchasing an additional 1,855 shares during the period. Blair William & Co. IL’s holdings in Canadian Pacific Kansas City were worth $7,419,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. TD Asset Management Inc raised its position in shares of Canadian Pacific Kansas City by 47.7% during the fourth quarter. TD Asset Management Inc now owns 21,170,926 shares of the transportation company’s stock worth $1,682,256,000 after acquiring an additional 6,835,271 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Canadian Pacific Kansas City by 757.9% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 4,303,549 shares of the transportation company’s stock valued at $342,191,000 after purchasing an additional 3,801,910 shares during the last quarter. Meritage Group LP acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $207,850,000. Mirova US LLC acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $168,063,000. Finally, Cantillon Capital Management LLC lifted its holdings in Canadian Pacific Kansas City by 49.1% in the first quarter. Cantillon Capital Management LLC now owns 3,567,692 shares of the transportation company’s stock valued at $314,563,000 after buying an additional 1,174,200 shares during the period. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CP shares. Jefferies Financial Group cut their target price on Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Wells Fargo & Company started coverage on shares of Canadian Pacific Kansas City in a research report on Friday, June 7th. They set an “overweight” rating and a $90.00 target price on the stock. Barclays cut their target price on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 16th. Stifel Nicolaus upped their price objective on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, July 17th. Finally, Sanford C. Bernstein raised their target price on Canadian Pacific Kansas City from $88.50 to $89.06 and gave the company a “market perform” rating in a research note on Monday, July 8th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $96.36.

Canadian Pacific Kansas City Trading Down 1.2 %

Shares of Canadian Pacific Kansas City stock opened at $85.89 on Friday. The firm has a market cap of $80.14 billion, a PE ratio of 27.53, a P/E/G ratio of 2.45 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The stock has a fifty day moving average price of $82.16 and a 200-day moving average price of $82.55.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.31. Canadian Pacific Kansas City had a net margin of 24.45% and a return on equity of 8.77%. The company had revenue of $3.60 billion during the quarter, compared to analyst estimates of $3.58 billion. During the same quarter last year, the business posted $0.62 EPS. Canadian Pacific Kansas City’s quarterly revenue was up 13.5% compared to the same quarter last year. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.1 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Friday, September 27th will be given a dividend of $0.1373 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 0.64%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.31%.

Canadian Pacific Kansas City Company 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.