Canadian Pacific Kansas City Limited $CP Shares Bought by UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC

Key Points

• UBS Asset Management increased its stake in Canadian Pacific Kansas City Limited by 43.0%, acquiring over 1 million shares and owning approximately 0.37% of the company, valued at $243 million.
• Canadian Pacific Kansas City recently declared a quarterly dividend of $0.1651, marking an increase from its previous dividend and representing an annual yield of 0.9%.
• The company's latest earnings report indicated an EPS of $0.81, slightly below expectations, with revenues of $2.72 billion, up 2.7% year-over-year.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 43.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,461,697 shares of the transportation company's stock after acquiring an additional 1,041,563 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.37% of Canadian Pacific Kansas City worth $243,046,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Woodline Partners LP increased its holdings in shares of Canadian Pacific Kansas City by 9.8% during the 1st quarter. Woodline Partners LP now owns 199,829 shares of the transportation company's stock worth $14,030,000 after buying an additional 17,792 shares during the last quarter. Yaupon Capital Management LP acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $11,849,000. Ascent Group LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter worth approximately $230,000. Sciencast Management LP increased its holdings in shares of Canadian Pacific Kansas City by 143.9% during the 1st quarter. Sciencast Management LP now owns 50,879 shares of the transportation company's stock worth $3,572,000 after buying an additional 30,018 shares during the last quarter. Finally, Guardian Partners Inc. increased its holdings in shares of Canadian Pacific Kansas City by 1.0% during the 1st quarter. Guardian Partners Inc. now owns 19,156 shares of the transportation company's stock worth $1,348,000 after buying an additional 190 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $75.69 on Friday. 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 Limited has a 52 week low of $66.49 and a 52 week high of $87.72. The stock has a market capitalization of $68.64 billion, a PE ratio of 23.58, a P/E/G ratio of 2.08 and a beta of 1.06. The firm has a 50 day moving average of $76.63 and a two-hundred day moving average of $76.43.

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

Canadian Pacific Kansas City Increases Dividend

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on CP. Scotiabank restated an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Susquehanna restated a "positive" rating and set a $94.00 price target (up previously from $90.00) on shares of Canadian Pacific Kansas City in a report on Tuesday, June 24th. Citigroup raised their price target 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 set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Finally, Bank of America increased 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 report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and an average 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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