Turtle Creek Wealth Advisors LLC Purchases Shares of 7,389 Canadian Pacific Kansas City Limited $CP

Key Points

• Turtle Creek Wealth Advisors LLC acquired 7,389 shares of Canadian Pacific Kansas City Limited, valued at approximately $586,000, in the second quarter.
• Canadian Pacific Kansas City has seen significant interest from institutional investors, with several firms, including Invesco and Goldman Sachs, increasing their stakes by over 59% in the first quarter.
• The company increased its quarterly dividend to $0.1651, reflecting a 0.9% yield and a payout ratio of 20.56%.

Turtle Creek Wealth Advisors LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 7,389 shares of the transportation company's stock, valued at approximately $586,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invesco Ltd. lifted its holdings in Canadian Pacific Kansas City by 59.5% in the 1st 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 during the period. Goldman Sachs Group Inc. lifted its holdings in Canadian Pacific Kansas City by 70.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 9,299,753 shares of the transportation company's stock worth $652,936,000 after buying an additional 3,842,866 shares during the period. Mitsubishi UFJ Trust & Banking Corp purchased a new stake in Canadian Pacific Kansas City in the 1st quarter worth approximately $126,928,000. Causeway Capital Management LLC lifted its holdings 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 worth $1,207,605,000 after buying an additional 1,778,984 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Canadian Pacific Kansas City by 44.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock worth $351,723,000 after buying an additional 1,516,684 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

CP has been the subject of several research analyst reports. Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Citigroup dropped their price objective on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "buy" rating for the company in a report on Monday. Stephens raised their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Susquehanna lowered their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a research note on Thursday, September 25th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and an average target price of $91.38.

Canadian Pacific Kansas City Stock Down 1.7%

CP stock opened at $75.46 on Friday. The firm has a market cap of $68.43 billion, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.17 and a beta of 1.08. The business has a 50 day moving average of $75.40 and a 200 day moving average of $76.61. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.01). The business 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 period in the previous year, the business posted $1.05 EPS. On average, research analysts forecast 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 disclosed 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. The ex-dividend date of this dividend is Friday, September 26th. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. 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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