Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by TCW Group Inc.

Key Points

• TCW Group Inc. increased its position in Canadian Pacific Kansas City Limited by 4.9% after purchasing an additional 9,000 shares, bringing its total holdings to 192,220 shares worth approximately $13.5 million.
• Several large institutional investors have also significantly boosted their stakes in the company, with Arrowstreet Capital increasing its position by a remarkable 873.5%, now owning 841,273 shares valued at around $60.9 million.
• Canadian Pacific Kansas City has announced a quarterly dividend increase from $0.13 to $0.1644, set to be paid on July 28, which yields 0.86% annually, with a payout ratio of 22.30%.

TCW Group Inc. raised its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 192,220 shares of the transportation company's stock after buying an additional 9,000 shares during the period. TCW Group Inc.'s holdings in Canadian Pacific Kansas City were worth $13,496,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CP. LPL Financial LLC raised its stake in shares of Canadian Pacific Kansas City by 34.4% during the fourth quarter. LPL Financial LLC now owns 258,075 shares of the transportation company's stock valued at $18,677,000 after acquiring an additional 66,125 shares in the last quarter. NEOS Investment Management LLC raised its stake in Canadian Pacific Kansas City by 80.1% in the fourth quarter. NEOS Investment Management LLC now owns 6,911 shares of the transportation company's stock worth $500,000 after buying an additional 3,074 shares in the last quarter. Allianz SE bought a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $463,000. Arrowstreet Capital Limited Partnership raised its stake in Canadian Pacific Kansas City by 873.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 841,273 shares of the transportation company's stock worth $60,856,000 after buying an additional 754,853 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its stake in Canadian Pacific Kansas City by 7.1% in the fourth quarter. CIBC Private Wealth Group LLC now owns 62,551 shares of the transportation company's stock worth $4,766,000 after buying an additional 4,123 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CP. Bank of America boosted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the stock a "buy" rating in a research note on Friday, May 16th. Wall Street Zen downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, June 14th. Barclays upped their price target on 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. Stephens 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 Thursday. Finally, Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $92.30.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down $1.98 during mid-day trading on Thursday, hitting $73.73. 3,650,050 shares of the stock were exchanged, compared to its average volume of 3,213,342. The firm has a fifty day moving average of $80.02 and a 200 day moving average of $76.93. The company has a quick ratio of 0.70, a current ratio of 0.81 and a debt-to-equity ratio of 0.43. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The company has a market cap of $67.68 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 2.13 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

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.