UniSuper Management Pty Ltd Reduces Position in Canadian Pacific Kansas City Limited $CP

Key Points

• UniSuper Management Pty Ltd has sold 126,489 shares of Canadian Pacific Kansas City, reducing its stake by 17.7%, now owning approximately 586,918 shares valued at $41.2 million.
• Canadian Pacific Kansas City reported a quarterly earnings per share of $0.81, slightly missing analyst expectations, while its revenue for the quarter was $2.72 billion, also below projections.
• The company announced an increase in its quarterly dividend to $0.1651 per share, reflecting an annualized yield of 0.9% and a payout ratio of 20.56%.

UniSuper Management Pty Ltd decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 17.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 586,918 shares of the transportation company's stock after selling 126,489 shares during the period. UniSuper Management Pty Ltd owned 0.06% of Canadian Pacific Kansas City worth $41,208,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CP. North Capital Inc. acquired a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $27,000. Cornerstone Planning Group LLC lifted its holdings in Canadian Pacific Kansas City by 209.8% in the first 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 during the last quarter. Cheviot Value Management LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $30,000. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $31,000. Finally, Hexagon Capital Partners LLC raised its holdings in Canadian Pacific Kansas City by 49.5% in the 1st quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company's stock valued at $35,000 after buying an additional 164 shares during the period. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Stock Down 0.6%

Canadian Pacific Kansas City stock traded down $0.42 during mid-day trading on Friday, reaching $75.29. 641,410 shares of the company's stock were exchanged, compared to its average volume of 3,171,289. The company has a fifty day moving average of $76.63 and a 200-day moving average of $76.43. The company has a market cap of $68.28 billion, a P/E ratio of 23.46, a P/E/G ratio of 2.08 and a beta of 1.06. 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 twelve month low of $66.49 and a twelve month high of $87.72.

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 (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The firm's revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 earnings per share. Sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed 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 represents a $0.66 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, September 26th. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.56%.

Analyst Ratings Changes

Several research analysts have weighed in on CP shares. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. 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. Barclays lifted their target price 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. 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 note on Thursday, July 31st. Finally, Wall Street Zen raised Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Saturday, August 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $92.30.

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.