TCW Group Inc. Buys 10,644 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

TCW Group Inc. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 14.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 84,501 shares of the transportation company's stock after acquiring an additional 10,644 shares during the quarter. TCW Group Inc.'s holdings in Canadian Pacific Kansas City were worth $7,228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of CP. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC raised its position in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after acquiring an additional 279 shares in the last quarter. FSA Wealth Management LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $34,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City in the second quarter worth approximately $35,000. Finally, Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City in the third quarter worth approximately $38,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CP shares. Citigroup cut their target price on Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Sanford C. Bernstein decreased their price objective on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a report on Wednesday, October 9th. Stephens dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Evercore ISI boosted their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 25th. Finally, Bank of America lowered their price target on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $94.88.

Canadian Pacific Kansas City Price Performance

Canadian Pacific Kansas City stock traded down $1.43 during trading hours on Thursday, reaching $74.67. 3,233,710 shares of the stock were exchanged, compared to its average volume of 2,282,337. The stock has a 50 day moving average of $77.78 and a two-hundred day moving average of $79.95. The company has a market cap of $69.69 billion, a P/E ratio of 27.19, a price-to-earnings-growth ratio of 2.24 and a beta of 0.96. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $72.29 and a twelve month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.75%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 20.00%.

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.