Toronto Dominion Bank Boosts Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Toronto Dominion Bank increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 20.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,083,106 shares of the transportation company's stock after acquiring an additional 352,534 shares during the quarter. Toronto Dominion Bank owned about 0.22% of Canadian Pacific Kansas City worth $178,189,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CP. Grove Bank & Trust lifted its holdings in Canadian Pacific Kansas City by 56.0% during the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after buying an additional 130 shares during the period. Tower View Wealth Management LLC raised its position in shares of Canadian Pacific Kansas City by 0.3% in the 3rd quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company's stock worth $4,410,000 after acquiring an additional 130 shares in the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in shares of Canadian Pacific Kansas City by 3.0% during the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company's stock worth $355,000 after purchasing an additional 131 shares during the last quarter. Trust Co. of Vermont boosted its position in Canadian Pacific Kansas City by 4.7% during the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company's stock valued at $260,000 after purchasing an additional 135 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its stake in Canadian Pacific Kansas City by 12.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company's stock valued at $107,000 after purchasing an additional 141 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CP has been the topic of a number of recent analyst reports. Stephens lowered their price target 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. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and lowered their target price for the company from $94.00 to $92.00 in a research note on Thursday, October 24th. Barclays upped their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 25th. StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Monday. Finally, Sanford C. Bernstein decreased their price target on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $94.88.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded up $0.73 during midday trading on Wednesday, reaching $76.34. 2,041,411 shares of the stock were exchanged, compared to its average volume of 2,273,879. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The firm has a 50-day simple moving average of $77.93 and a two-hundred day simple moving average of $79.97. Canadian Pacific Kansas City Limited has a twelve month low of $72.29 and a twelve month high of $91.58. The firm has a market cap of $71.25 billion, a price-to-earnings ratio of 27.24, a PEG ratio of 2.24 and a beta of 0.96.

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

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.73%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 20.00%.

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.