Canadian Pacific Kansas City Limited (NYSE:CP) Shares Sold by Walter Public Investments Inc.

Walter Public Investments Inc. trimmed its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 214,273 shares of the transportation company’s stock after selling 17,108 shares during the period. Canadian Pacific Kansas City accounts for about 3.1% of Walter Public Investments Inc.’s investment portfolio, making the stock its 12th largest position. Walter Public Investments Inc.’s holdings in Canadian Pacific Kansas City were worth $16,869,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CP. Vanguard Group Inc. lifted its holdings in Canadian Pacific Kansas City by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 34,926,548 shares of the transportation company’s stock valued at $3,079,474,000 after purchasing an additional 588,701 shares in the last quarter. TD Asset Management Inc lifted its holdings in Canadian Pacific Kansas City by 2.5% in the 1st quarter. TD Asset Management Inc now owns 21,703,229 shares of the transportation company’s stock valued at $1,915,196,000 after purchasing an additional 532,303 shares in the last quarter. Veritas Asset Management LLP lifted its holdings in Canadian Pacific Kansas City by 1.8% in the 4th quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock valued at $1,062,148,000 after purchasing an additional 243,210 shares in the last quarter. Norges Bank purchased a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $979,890,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Canadian Pacific Kansas City by 4.4% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,969,862 shares of the transportation company’s stock valued at $948,585,000 after purchasing an additional 507,177 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Down 0.5 %

Shares of NYSE:CP opened at $86.32 on Monday. The company has a quick ratio of 0.44, a current ratio of 0.51 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The company has a 50 day moving average of $81.63 and a two-hundred day moving average of $82.48. The company has a market capitalization of $80.54 billion, a price-to-earnings ratio of 27.67, a price-to-earnings-growth ratio of 2.45 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Tuesday, July 30th. The transportation company reported $1.05 earnings per share (EPS) for the quarter, beating 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 the consensus estimate of $3.58 billion. During the same quarter last year, the company earned $0.62 earnings per share. Canadian Pacific Kansas City’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.1 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

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

Wall Street Analyst Weigh In

CP has been the topic of several recent analyst reports. Wells Fargo & Company initiated coverage on shares of Canadian Pacific Kansas City in a report on Friday, June 7th. They set an “overweight” rating and a $90.00 price objective on the stock. Susquehanna reiterated a “neutral” rating and set a $80.00 price objective on shares of Canadian Pacific Kansas City in a report on Wednesday, July 31st. Barclays cut their price objective on shares of Canadian Pacific Kansas City from $96.00 to $95.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Stifel Nicolaus increased their price objective on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a report on Wednesday, July 17th. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of “Moderate Buy” and a consensus target price of $96.36.

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.