UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Grows Position in Canadian Pacific Kansas City Limited $CP

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 stake 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 (SEC). The firm owned 3,461,697 shares of the transportation company's stock after purchasing 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CP. Cornerstone Planning Group LLC increased its position in Canadian Pacific Kansas City by 209.8% in the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock valued at $28,000 after acquiring an additional 256 shares in the last quarter. North Capital Inc. bought a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $27,000. Cheviot Value Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the first quarter worth $30,000. Bernard Wealth Management Corp. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $31,000. Finally, Hexagon Capital Partners LLC increased its holdings in Canadian Pacific Kansas City by 49.5% during the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock worth $35,000 after buying an additional 164 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CP has been the topic of several research reports. Barclays upped their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an "overweight" rating in a report on Thursday, July 10th. Susquehanna reaffirmed a "positive" rating and set a $94.00 price objective (up previously from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Stephens increased their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $91.00 price objective on shares of Canadian Pacific Kansas City in a research note on Monday, June 2nd. Finally, National Bank Financial raised Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average price target of $92.30.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded down $0.54 during trading on Wednesday, hitting $75.55. The company had a trading volume of 450,582 shares, compared to its average volume of 3,161,320. The stock's 50-day moving average is $76.35 and its two-hundred day moving average is $76.39. The stock has a market capitalization of $68.52 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.12 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 $87.70. 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 announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share 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 company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm posted $1.05 EPS. The business's revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Stockholders of record on Friday, September 26th will be paid a $0.1651 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is currently 20.56%.

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.