Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.8% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 10,275 shares of the transportation company’s stock after buying an additional 919 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Canadian Pacific Kansas City were worth $809,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CP. Sei Investments Co. increased its stake in Canadian Pacific Kansas City by 1.9% during the 4th quarter. Sei Investments Co. now owns 667,246 shares of the transportation company’s stock worth $52,752,000 after buying an additional 12,323 shares in the last quarter. Veritas Asset Management LLP increased its position in shares of Canadian Pacific Kansas City by 1.8% during the fourth quarter. Veritas Asset Management LLP now owns 13,434,704 shares of the transportation company’s stock worth $1,062,148,000 after purchasing an additional 243,210 shares in the last quarter. Icon Wealth Advisors LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $380,000. Putnam Investments LLC boosted its position in Canadian Pacific Kansas City by 17.5% during the fourth quarter. Putnam Investments LLC now owns 2,476,504 shares of the transportation company’s stock worth $195,792,000 after acquiring an additional 368,036 shares during the last quarter. Finally, Washington Trust Bank grew its stake in Canadian Pacific Kansas City by 12.7% during the 4th quarter. Washington Trust Bank now owns 4,647 shares of the transportation company’s stock valued at $367,000 after acquiring an additional 525 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.5 %

Canadian Pacific Kansas City stock opened at $81.16 on Tuesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.44 and a current ratio of 0.51. The firm has a 50 day moving average price of $82.50 and a 200 day moving average price of $82.12. The company has a market capitalization of $75.73 billion, a PE ratio of 26.01, a price-to-earnings-growth ratio of 2.43 and a beta of 0.96.

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

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Friday, September 27th will be paid a dividend of $0.1373 per share. This represents a $0.55 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Friday, September 27th. Canadian Pacific Kansas City’s payout ratio is currently 17.31%.

Analysts Set New Price Targets

A number of research firms have weighed in on CP. Stifel Nicolaus raised their target price on shares of Canadian Pacific Kansas City from $82.00 to $83.00 and gave the stock a “hold” rating in a research note on Wednesday, July 17th. Barclays boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Susquehanna raised their target price on Canadian Pacific Kansas City from $80.00 to $94.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. Scotiabank upgraded Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, July 10th. Finally, Jefferies Financial Group dropped their price objective on shares of Canadian Pacific Kansas City from $105.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $97.42.

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.