UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Canadian Pacific Kansas City Limited $CP

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 59.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 128,663 shares of the transportation company’s stock after purchasing an additional 48,190 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Canadian Pacific Kansas City were worth $11,149,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CP. Fiduciary Financial Advisors purchased a new stake in Canadian Pacific Kansas City during the second quarter worth about $25,000. Prosperity Bancshares Inc acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $26,000. Gilpin Wealth Management LLC acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at $29,000. McMillan Office Inc. purchased a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth about $31,000. Finally, Acadian Asset Management LLC acquired a new position in Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

CP stock opened at $91.69 on Monday. The company has a market cap of $80.54 billion, a PE ratio of 29.48, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12. The company has a current ratio of 0.59, a quick ratio of 0.50 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $91.39 and a two-hundred day moving average price of $87.02. Canadian Pacific Kansas City Limited has a 12-month low of $68.42 and a 12-month high of $96.90.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, July 29th. The transportation company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.89 billion. Canadian Pacific Kansas City had a return on equity of 9.02% and a net margin of 25.02%.The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the business posted $1.12 EPS. As a group, research analysts predict that Canadian Pacific Kansas City Limited will post 3.72 EPS for the current year.

Canadian Pacific Kansas City Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Friday, September 25th will be issued a $0.268 dividend. The ex-dividend date is Friday, September 25th. This represents a $1.07 annualized dividend and a yield of 1.2%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 25.08%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CP shares. Wells Fargo & Company raised their price objective on Canadian Pacific Kansas City from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a $145.00 price target (up from $139.00) on shares of Canadian Pacific Kansas City in a research note on Thursday, July 30th. Susquehanna raised their target price on shares of Canadian Pacific Kansas City from $104.00 to $106.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. Finally, Citizens Jmp began coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $108.60.

Canadian Pacific Kansas City Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.