UMB Bank n.a. Sells 63,617 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

UMB Bank n.a. reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 36.5% in the fourth quarter, Holdings Channel reports. The fund owned 110,760 shares of the transportation company’s stock after selling 63,617 shares during the quarter. UMB Bank n.a.’s holdings in Canadian Pacific Kansas City were worth $8,757,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Carolinas Wealth Consulting LLC purchased a new stake in Canadian Pacific Kansas City during the second quarter valued at about $25,000. Stonebridge Capital Advisors LLC raised its position in shares of Canadian Pacific Kansas City by 750.0% in the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after purchasing an additional 300 shares during the period. Sands Capital Management LLC purchased a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at approximately $31,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $29,000. Finally, Anchor Investment Management LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter worth approximately $40,000. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Susquehanna lowered their target price on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Citigroup boosted their price objective on Canadian Pacific Kansas City from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. StockNews.com raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Stifel Nicolaus upped their price target on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the company a “hold” rating in a report on Wednesday, January 31st. Eleven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Canadian Pacific Kansas City has an average rating of “Hold” and a consensus target price of $92.88.

Read Our Latest Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock opened at $87.04 on Wednesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The stock has a market cap of $81.16 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.65 and a beta of 0.94. The stock’s 50 day simple moving average is $85.76 and its two-hundred day simple moving average is $78.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The company had revenue of $2.77 billion for the quarter, compared to analysts’ expectations of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.22 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be paid a $0.1415 dividend. This represents a $0.57 annualized dividend and a dividend yield of 0.65%. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Wednesday, March 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 17.83%.

Canadian Pacific Kansas City Profile

(Free Report)

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.

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

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