Canadian Pacific Kansas City Limited $CP Shares Purchased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,935,337 shares of the transportation company’s stock after purchasing an additional 136,981 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.21% of Canadian Pacific Kansas City worth $153,847,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Redmond Asset Management LLC increased its holdings in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock worth $2,220,000 after buying an additional 148 shares during the last quarter. Accretive Wealth Partners LLC lifted its holdings in Canadian Pacific Kansas City by 1.3% in the second quarter. Accretive Wealth Partners LLC now owns 11,806 shares of the transportation company’s stock valued at $936,000 after acquiring an additional 157 shares during the last quarter. Financial Partners Group Inc grew its position in Canadian Pacific Kansas City by 0.3% in the first quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock worth $3,464,000 after acquiring an additional 158 shares during the period. Lindbrook Capital LLC grew its position in Canadian Pacific Kansas City by 6.3% in the first quarter. Lindbrook Capital LLC now owns 2,708 shares of the transportation company’s stock worth $190,000 after acquiring an additional 161 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Canadian Pacific Kansas City by 9.0% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,153 shares of the transportation company’s stock worth $171,000 after acquiring an additional 177 shares during the last quarter. 72.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CP has been the subject of a number of research analyst reports. Stephens increased their price target on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, October 30th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Wall Street Zen raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group set a $90.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Stock Up 0.6%

Shares of NYSE:CP opened at $71.44 on Wednesday. The firm has a market capitalization of $64.33 billion, a PE ratio of 21.78, a price-to-earnings-growth ratio of 2.04 and a beta of 1.08. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.63 and a quick ratio of 0.54. The firm’s 50-day moving average is $74.73 and its two-hundred day moving average is $76.85.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. The business had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same quarter last year, the firm posted $0.99 EPS. Analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.228 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. This represents a $0.91 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.12%.

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.