Mitsubishi UFJ Trust & Banking Corp Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Key Points

• Mitsubishi UFJ Trust & Banking Corp acquired 1,798,356 shares of Canadian Pacific Kansas City Limited, valued at approximately $126.9 million, marking a new investment in the transportation sector.
• The company recently announced an increase in its quarterly dividend from $0.16 to $0.1651 per share, with a dividend yield of 0.9%.
• Institutional investors control 72.20% of Canadian Pacific Kansas City, indicating strong confidence in the company's future performance, with analysts anticipating earnings per share of $3.42 for the current fiscal year.

Mitsubishi UFJ Trust & Banking Corp acquired a new stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,798,356 shares of the transportation company's stock, valued at approximately $126,928,000. Mitsubishi UFJ Trust & Banking Corp owned 0.19% of Canadian Pacific Kansas City as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Cornerstone Planning Group LLC boosted its position in Canadian Pacific Kansas City by 209.8% during the 1st quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company's stock worth $28,000 after purchasing an additional 256 shares during the period. North Capital Inc. acquired a new position in Canadian Pacific Kansas City in the 1st quarter worth $27,000. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth $31,000. Hexagon Capital Partners LLC lifted 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 worth $35,000 after buying an additional 164 shares in the last quarter. Finally, Parvin Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter worth $43,000. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Performance

NYSE CP traded down $0.66 on Friday, hitting $72.89. The stock had a trading volume of 3,538,129 shares, compared to its average volume of 3,097,308. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The stock has a market cap of $66.91 billion, a price-to-earnings ratio of 22.71, a P/E/G ratio of 2.05 and a beta of 1.06. The company's 50-day moving average is $79.74 and its two-hundred day moving average is $76.96.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently announced 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. This represents a $0.66 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date is Friday, September 26th. Canadian Pacific Kansas City's payout ratio is currently 20.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens boosted their price objective 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. Stifel Nicolaus cut their price objective on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Jefferies Financial Group cut their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. National Bank Financial upgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Finally, Royal Bank Of Canada cut their target price on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.