UniSuper Management Pty Ltd Acquires 283,506 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

UniSuper Management Pty Ltd boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 65.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 713,407 shares of the transportation company's stock after purchasing an additional 283,506 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.08% of Canadian Pacific Kansas City worth $51,629,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. FSA Wealth Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $34,000. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $33,000. Stonebridge Financial Group LLC purchased a new stake in Canadian Pacific Kansas City during the 4th quarter worth $34,000. YANKCOM Partnership acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Finally, Millstone Evans Group LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 4th quarter valued at about $36,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on CP. Stephens upped their target price on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research report on Thursday, January 30th. Wells Fargo & Company cut their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Citigroup lifted their target price on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Susquehanna decreased their target price on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a research report on Thursday. Finally, Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.95.

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Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded up $0.39 on Monday, reaching $69.81. 1,368,427 shares of the company's stock were exchanged, compared to its average volume of 2,522,300. 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 Limited has a twelve month low of $68.28 and a twelve month high of $89.26. The company has a fifty day moving average of $76.45 and a 200-day moving average of $77.42. The company has a market capitalization of $65.18 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.00 and a beta of 0.98.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.76%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 17.93%.

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.