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

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 3.2% during the third quarter, according to its most recent filing with the SEC. The firm owned 2,673,709 shares of the transportation company's stock after selling 89,484 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.29% of Canadian Pacific Kansas City worth $228,709,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CP. Grove Bank & Trust increased its stake in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC increased its stake in Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after purchasing an additional 279 shares in the last quarter. LRI Investments LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter valued at $35,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City during the 2nd quarter valued at $35,000. Finally, Asset Dedication LLC bought a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CP. Sanford C. Bernstein reduced their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Susquehanna upgraded shares of Canadian Pacific Kansas City from a "neutral" rating to a "positive" rating and reduced their target price for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Evercore ISI upped their target price on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 25th. Benchmark reiterated a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Finally, Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $83.00 to $82.00 and set a "hold" rating for the company in a research note on Friday, October 11th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $94.88.

Canadian Pacific Kansas City Price Performance

Shares of CP stock traded up $1.24 during trading on Friday, hitting $76.59. The company had a trading volume of 1,928,729 shares, compared to its average volume of 2,261,070. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The stock's 50-day moving average is $79.26 and its two-hundred day moving average is $80.24. The stock has a market capitalization of $71.48 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 52 week low of $71.08 and a 52 week high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the previous year, the business earned $0.69 earnings per share. The firm's revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. Canadian Pacific Kansas City's dividend payout ratio is 19.64%.

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.