UBS Group AG Sells 61,389 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

UBS Group AG cut its position in Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 5.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 974,388 shares of the transportation company’s stock after selling 61,389 shares during the quarter. UBS Group AG’s holdings in Canadian Pacific Kansas City were worth $72,504,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CP. Norges Bank acquired a new position in shares of Canadian Pacific Kansas City during the fourth quarter valued at about $1,136,503,000. TD Asset Management Inc acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $1,164,873,000. WCM Investment Management LLC increased its holdings in Canadian Pacific Kansas City by 21.8% in the 3rd quarter. WCM Investment Management LLC now owns 38,100,632 shares of the transportation company’s stock worth $2,835,068,000 after buying an additional 6,819,305 shares during the period. Wellington Management Group LLP increased its holdings in Canadian Pacific Kansas City by 1,151.2% in the 1st quarter. Wellington Management Group LLP now owns 7,157,741 shares of the transportation company’s stock worth $591,239,000 after buying an additional 6,585,655 shares during the period. Finally, Allen Investment Management LLC acquired a new position in Canadian Pacific Kansas City in the 2nd quarter worth approximately $338,724,000. Institutional investors and hedge funds own 67.93% of the company’s stock.

Canadian Pacific Kansas City Trading Down 1.1 %

Shares of CP stock opened at $84.37 on Tuesday. The stock’s fifty day moving average is $78.64 and its two-hundred day moving average is $76.52. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.61 and a current ratio of 0.70. The firm has a market capitalization of $78.64 billion, a P/E ratio of 26.87, a PEG ratio of 2.57 and a beta of 0.94. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $86.00.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a $0.1415 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $0.57 dividend on an annualized basis and a yield of 0.67%. 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 (DPR) is presently 18.15%.

Analyst Ratings Changes

CP has been the topic of several research reports. Stifel Nicolaus increased their price target on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the stock a “hold” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. cut their price target on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating on the stock in a report on Thursday, December 21st. TD Securities lowered Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Susquehanna Bancshares lowered Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and lowered their price objective for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Finally, Citigroup upped their price objective on Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $92.94.

Get Our Latest Research Report on Canadian Pacific Kansas City

Canadian Pacific Kansas City Company Profile

(Free Report)

Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The company transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; and merchandise freight, such as energy, chemicals and plastics, metals, minerals and consumer, automotive, and forest products.

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Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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