UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,420,134 shares of the transportation company's stock after selling 253,575 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of Canadian Pacific Kansas City worth $175,145,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Voloridge Investment Management LLC increased its position in shares of Canadian Pacific Kansas City by 291.5% during the 4th quarter. Voloridge Investment Management LLC now owns 403,673 shares of the transportation company's stock valued at $29,214,000 after purchasing an additional 300,555 shares during the last quarter. Waverly Advisors LLC grew its position in Canadian Pacific Kansas City by 88.2% during the 4th quarter. Waverly Advisors LLC now owns 10,534 shares of the transportation company's stock worth $762,000 after acquiring an additional 4,938 shares during the last quarter. Woodline Partners LP grew its position in 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 acquiring an additional 16,388 shares during the last quarter. Vident Advisory LLC grew its position in Canadian Pacific Kansas City by 8.4% during the 4th quarter. Vident Advisory LLC now owns 5,946 shares of the transportation company's stock worth $430,000 after acquiring an additional 463 shares during the last quarter. Finally, Sone Capital Management LLC bought a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $6,745,000. 72.20% of the stock is currently owned by institutional investors.

Canadian Pacific Kansas City Stock Up 0.7%

NYSE:CP traded up $0.53 during trading hours on Wednesday, reaching $81.17. 841,983 shares of the company traded hands, compared to its average volume of 2,786,040. The business's 50-day moving average price is $74.26 and its two-hundred day moving average price is $75.27. The stock has a market capitalization of $75.52 billion, a P/E ratio of 28.01, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. Analysts predict 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 declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be paid a $0.1644 dividend. The ex-dividend date is Friday, June 27th. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's payout ratio is currently 21.28%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CP shares. Loop Capital lowered Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research report on Monday, February 3rd. Evercore ISI reduced their price target on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Royal Bank of Canada reduced their price target on Canadian Pacific Kansas City from $122.00 to $121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. Benchmark restated a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Barclays reduced their price target on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Two 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 MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $90.63.

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.