Canadian Pacific Kansas City Limited $CP Shares Sold by UniSuper Management Pty Ltd

UniSuper Management Pty Ltd decreased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 17.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 586,918 shares of the transportation company’s stock after selling 126,489 shares during the quarter. UniSuper Management Pty Ltd owned approximately 0.06% of Canadian Pacific Kansas City worth $41,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Capital Inc. acquired a new position in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $27,000. Cornerstone Planning Group LLC lifted its position in Canadian Pacific Kansas City by 209.8% in the first quarter. Cornerstone Planning Group LLC now owns 378 shares of the transportation company’s stock valued at $28,000 after buying an additional 256 shares during the last quarter. Cheviot Value Management LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at about $30,000. Bernard Wealth Management Corp. acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at about $31,000. Finally, Hexagon Capital Partners LLC lifted its position in Canadian Pacific Kansas City by 49.5% in the first quarter. Hexagon Capital Partners LLC now owns 495 shares of the transportation company’s stock valued at $35,000 after buying an additional 164 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 0.2%

CP stock opened at $76.64 on Friday. The company’s 50 day moving average price is $77.06 and its 200 day moving average price is $76.48. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.81 and a current ratio of 0.93. Canadian Pacific Kansas City Limited has a fifty-two week low of $66.49 and a fifty-two week high of $87.72. The firm has a market capitalization of $70.02 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 2.15 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. On average, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a dividend of $0.1651 per share. The ex-dividend date is Friday, September 26th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.9%. Canadian Pacific Kansas City’s payout ratio is currently 20.56%.

Wall Street Analyst Weigh In

A number of research analysts have commented on CP shares. Bank of America upped their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Friday, May 16th. Citigroup upped their target price on shares of Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a research report on Wednesday, July 9th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $91.00 target price on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Susquehanna reiterated a “positive” rating and set a $94.00 price target (up from $90.00) on shares of Canadian Pacific Kansas City in a research note on Tuesday, June 24th. Finally, Barclays boosted their price target on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $92.30.

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.