Banque Transatlantique SA Has $4.99 Million Stock Position in Canadian Pacific Kansas City Limited $CP

Key Points

• Banque Transatlantique SA has significantly reduced its stake in Canadian Pacific Kansas City, holding 76,759 shares worth approximately $4.99 million after a 76% decrease in shares owned during the first quarter.
• Several institutional investors including Invesco Ltd. and Goldman Sachs Group Inc. have increased their stakes in Canadian Pacific Kansas City, contributing to a total of 72.20% of the company's stock being owned by institutional investors.
• Analysts have generally upgraded their outlook on Canadian Pacific Kansas City, with an average price target of $92.30 and ratings ranging from "Strong Buy" to "Hold."

Banque Transatlantique SA reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 76.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 76,759 shares of the transportation company's stock after selling 242,886 shares during the period. Banque Transatlantique SA's holdings in Canadian Pacific Kansas City were worth $4,989,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. increased its holdings in shares of Canadian Pacific Kansas City by 59.5% during the first quarter. Invesco Ltd. now owns 16,984,351 shares of the transportation company's stock worth $1,192,471,000 after buying an additional 6,337,312 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Canadian Pacific Kansas City by 70.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock worth $652,936,000 after acquiring an additional 3,842,866 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp acquired a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $126,928,000. Causeway Capital Management LLC raised its position in Canadian Pacific Kansas City by 11.5% in the 1st quarter. Causeway Capital Management LLC now owns 17,208,788 shares of the transportation company's stock valued at $1,207,605,000 after purchasing an additional 1,778,984 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Canadian Pacific Kansas City by 44.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock worth $351,723,000 after purchasing an additional 1,516,684 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CP shares. Wall Street Zen upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. Citigroup increased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Barclays upped their target price on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Finally, Susquehanna reissued a "positive" rating and issued a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $76.41 on Wednesday. The firm has a fifty day moving average of $77.17 and a two-hundred day moving average of $76.51. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. The stock has a market capitalization of $69.81 billion, a price-to-earnings ratio of 23.80, a PEG ratio of 2.13 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm's revenue for the quarter was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.05 earnings per share. As a group, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio is presently 20.56%.

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.

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