United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Increases Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 12.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 804,467 shares of the transportation company's stock after purchasing an additional 88,711 shares during the period. Canadian Pacific Kansas City comprises 3.2% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund's investment portfolio, making the stock its 11th biggest position. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund owned approximately 0.09% of Canadian Pacific Kansas City worth $63,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Canadian Pacific Kansas City by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 33,752,798 shares of the transportation company's stock valued at $2,511,546,000 after buying an additional 483,138 shares in the last quarter. FMR LLC boosted its stake in shares of Canadian Pacific Kansas City by 1.8% during the 3rd quarter. FMR LLC now owns 31,001,865 shares of the transportation company's stock valued at $2,304,549,000 after purchasing an additional 553,163 shares in the last quarter. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $1,136,503,000. Mackenzie Financial Corp lifted its position in Canadian Pacific Kansas City by 5.9% during the 4th quarter. Mackenzie Financial Corp now owns 14,178,436 shares of the transportation company's stock valued at $1,122,370,000 after acquiring an additional 787,608 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Canadian Pacific Kansas City by 0.9% during the 3rd quarter. CIBC Asset Management Inc now owns 9,536,530 shares of the transportation company's stock valued at $711,045,000 after acquiring an additional 86,525 shares during the period. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on CP shares. TD Securities lowered shares of Canadian Pacific Kansas City from a "buy" rating to a "hold" rating in a research report on Monday, January 8th. Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Wednesday, April 10th. Bank of America increased their target price on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a "buy" rating in a research note on Wednesday, April 10th. Barclays upped their price target on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an "overweight" rating in a report on Thursday, April 4th. Finally, Susquehanna Bancshares cut shares of Canadian Pacific Kansas City from a "positive" rating to a "neutral" rating and dropped their target price for the stock from $90.00 to $87.00 in a report on Monday, January 8th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $95.29.

Canadian Pacific Kansas City Trading Down 0.4 %

CP stock traded down $0.35 during midday trading on Wednesday, hitting $83.92. The stock had a trading volume of 1,743,656 shares, compared to its average volume of 2,045,663. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58. The company's 50-day moving average price is $87.17 and its 200 day moving average price is $79.28. The firm has a market cap of $78.27 billion, a PE ratio of 26.72, a price-to-earnings-growth ratio of 2.19 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, 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 posted its earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a $0.1415 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a yield of 0.67%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's payout ratio is currently 17.83%.

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.