TCW Group Inc. Raises Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

TCW Group Inc. raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 116.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 183,220 shares of the transportation company’s stock after acquiring an additional 98,719 shares during the period. TCW Group Inc.’s holdings in Canadian Pacific Kansas City were worth $13,260,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. S&CO Inc. grew its stake in shares of Canadian Pacific Kansas City by 183.3% during the 3rd quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after purchasing an additional 11,000 shares during the period. Swiss National Bank grew its position in Canadian Pacific Kansas City by 0.8% during the third quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock valued at $241,645,000 after buying an additional 23,000 shares during the period. Oak Family Advisors LLC purchased a new position in Canadian Pacific Kansas City in the fourth quarter valued at $262,000. Barclays PLC raised its position in shares of Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after acquiring an additional 81,111 shares during the period. Finally, Toronto Dominion Bank boosted its stake in shares of Canadian Pacific Kansas City by 20.4% during the 3rd quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after acquiring an additional 352,534 shares in the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Trading Down 1.1 %

CP opened at $77.32 on Monday. The firm has a market capitalization of $72.19 billion, a price-to-earnings ratio of 26.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.97. The company’s 50 day simple moving average is $76.02 and its two-hundred day simple moving average is $78.60. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. Analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.68%. Canadian Pacific Kansas City’s payout ratio is 18.62%.

Analyst Ratings Changes

CP has been the subject of several recent analyst reports. Citigroup lifted their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Wells Fargo & Company cut their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Tuesday, January 7th. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a research report on Wednesday, January 8th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Finally, Stephens increased their price objective on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

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.