Canadian Pacific Kansas City Limited $CP Shares Sold by Townsquare Capital LLC

Key Points

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Townsquare Capital LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 93.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,921 shares of the transportation company's stock after selling 60,661 shares during the period. Townsquare Capital LLC's holdings in Canadian Pacific Kansas City were worth $275,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CP. Goldman Sachs Group Inc. grew its position in shares of Canadian Pacific Kansas City by 70.4% in the first quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock valued at $652,936,000 after purchasing an additional 3,842,866 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in shares of Canadian Pacific Kansas City in the first quarter valued at $126,928,000. Allspring Global Investments Holdings LLC grew its position in shares of 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 valued at $351,723,000 after purchasing an additional 1,516,684 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Canadian Pacific Kansas City by 11.3% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock valued at $899,805,000 after purchasing an additional 1,262,913 shares during the period. Finally, Consulta Ltd grew its position in shares of Canadian Pacific Kansas City by 78.6% in the fourth quarter. Consulta Ltd now owns 2,500,000 shares of the transportation company's stock valued at $180,925,000 after purchasing an additional 1,100,000 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 0.9%

Canadian Pacific Kansas City stock opened at $73.59 on Tuesday. The stock has a market capitalization of $67.23 billion, a PE ratio of 22.92, a price-to-earnings-growth ratio of 2.08 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.93 and a quick ratio of 0.81. The firm has a 50 day simple moving average of $78.29 and a 200-day simple moving average of $76.67.

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

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analyst Weigh In

CP has been the subject of a number of research analyst reports. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a report on Saturday, June 14th. Citigroup upped their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the stock a "buy" rating in a report on Wednesday, July 9th. Barclays upped their price objective on Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 30th. Finally, Susquehanna reaffirmed a "positive" rating and set a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $92.30.

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.

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