USS Investment Management Ltd Has $15.80 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

USS Investment Management Ltd cut its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 218,170 shares of the transportation company's stock after selling 12,144 shares during the quarter. USS Investment Management Ltd's holdings in Canadian Pacific Kansas City were worth $15,802,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Voloridge Investment Management LLC grew its stake in shares of Canadian Pacific Kansas City by 291.5% in the fourth quarter. Voloridge Investment Management LLC now owns 403,673 shares of the transportation company's stock valued at $29,214,000 after acquiring an additional 300,555 shares in the last quarter. Waverly Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 88.2% in the 4th quarter. Waverly Advisors LLC now owns 10,534 shares of the transportation company's stock valued at $762,000 after purchasing an additional 4,938 shares during the period. Woodline Partners LP grew its position in shares of Canadian Pacific Kansas City by 9.9% during the 4th quarter. Woodline Partners LP now owns 182,037 shares of the transportation company's stock worth $13,174,000 after purchasing an additional 16,388 shares in the last quarter. Vident Advisory LLC raised its position in shares of Canadian Pacific Kansas City by 8.4% in the fourth quarter. Vident Advisory LLC now owns 5,946 shares of the transportation company's stock valued at $430,000 after buying an additional 463 shares in the last quarter. Finally, Sone Capital Management LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter worth $6,745,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CP has been the subject of a number of recent analyst reports. Evercore ISI cut their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Barclays decreased their price target on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Thursday, May 1st. Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a report on Thursday, January 30th. Finally, Citigroup dropped their target price on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of "Moderate Buy" and a consensus price target of $90.63.

Canadian Pacific Kansas City Trading Down 0.3%

Shares of Canadian Pacific Kansas City stock traded down $0.27 during midday trading on Monday, reaching $80.13. The company had a trading volume of 2,040,245 shares, compared to its average volume of 2,794,941. The stock has a fifty day moving average price of $74.00 and a 200 day moving average price of $75.21. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a market cap of $74.56 billion, a PE ratio of 27.63, a P/E/G ratio of 2.00 and a beta of 1.09. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

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 (EPS) for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. On average, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be issued a $0.1644 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is presently 21.28%.

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.