Union Bancaire Privee UBP SA Raises Stake in Canadian Pacific Kansas City Limited $CP

Union Bancaire Privee UBP SA boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 14.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,850 shares of the transportation company’s stock after purchasing an additional 2,287 shares during the quarter. Union Bancaire Privee UBP SA’s holdings in Canadian Pacific Kansas City were worth $1,415,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CP. Capital Insight Partners LLC raised its holdings in Canadian Pacific Kansas City by 0.4% in the first quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company’s stock valued at $2,858,000 after acquiring an additional 143 shares in the last quarter. Davidson Trust Co. increased its stake in Canadian Pacific Kansas City by 3.2% during the first quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company’s stock valued at $327,000 after purchasing an additional 144 shares during the last quarter. Redmond Asset Management LLC increased its stake in Canadian Pacific Kansas City by 0.5% during the first quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company’s stock valued at $2,220,000 after purchasing an additional 148 shares during the last quarter. Tradewinds LLC. increased its stake in Canadian Pacific Kansas City by 3.8% during the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company’s stock valued at $304,000 after purchasing an additional 157 shares during the last quarter. Finally, Financial Partners Group Inc increased its stake in Canadian Pacific Kansas City by 0.3% during the first quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company’s stock valued at $3,464,000 after purchasing an additional 158 shares during the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $74.46 on Wednesday. The stock has a 50-day simple moving average of $75.20 and a 200 day simple moving average of $76.33. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $67.53 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.06 and a beta of 1.06. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $85.77.

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

Canadian Pacific Kansas City Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CP. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $87.00 to $91.00 and gave the company an “overweight” rating in a research report on Thursday, July 10th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, July 10th. Susquehanna reduced their price target on shares of Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a research report on Thursday, September 25th. Finally, Citigroup raised their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $91.88.

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.