UBS Group AG Has $79.43 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

UBS Group AG boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 3.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,004,693 shares of the transportation company’s stock after buying an additional 30,305 shares during the period. UBS Group AG owned approximately 0.11% of Canadian Pacific Kansas City worth $79,431,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Accretive Wealth Partners LLC boosted its stake in shares of Canadian Pacific Kansas City by 1.5% in the fourth quarter. Accretive Wealth Partners LLC now owns 9,530 shares of the transportation company’s stock valued at $753,000 after buying an additional 145 shares during the period. Keybank National Association OH boosted its holdings in shares of Canadian Pacific Kansas City by 0.4% during the 3rd quarter. Keybank National Association OH now owns 42,155 shares of the transportation company’s stock valued at $3,137,000 after acquiring an additional 159 shares in the last quarter. Claret Asset Management Corp grew its holdings in shares of Canadian Pacific Kansas City by 0.7% during the third quarter. Claret Asset Management Corp now owns 24,245 shares of the transportation company’s stock worth $1,803,000 after purchasing an additional 162 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its position in Canadian Pacific Kansas City by 1.5% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 12,319 shares of the transportation company’s stock valued at $974,000 after acquiring an additional 182 shares during the period. Finally, Paragon Capital Management LLC lifted its holdings in Canadian Pacific Kansas City by 5.6% during the 3rd quarter. Paragon Capital Management LLC now owns 3,609 shares of the transportation company’s stock worth $269,000 after buying an additional 193 shares during the period. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CP shares. Susquehanna dropped their price target on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating on the stock in a research note on Thursday, April 25th. Evercore cut their target price on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Raymond James boosted their price target on shares of Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Evercore ISI lowered their price objective on shares of Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Finally, Stifel Nicolaus reduced their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a report on Thursday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of “Hold” and a consensus target price of $96.67.

Canadian Pacific Kansas City Stock Performance

CP stock opened at $80.29 on Thursday. The company has a market cap of $74.89 billion, a P/E ratio of 25.73, a price-to-earnings-growth ratio of 2.31 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.43. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The stock’s fifty day moving average price is $84.82 and its 200-day moving average price is $81.05.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its earnings results on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). The business had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be given a dividend of $0.141 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is currently 17.95%.

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.