EP Wealth Advisors LLC Takes Position in Canadian Pacific Kansas City Limited (NYSE:CP)

EP Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 2,589 shares of the transportation company’s stock, valued at approximately $221,000.

Other large investors have also added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in shares of Canadian Pacific Kansas City by 56.0% in the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC raised its position in Canadian Pacific Kansas City by 246.9% in the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after acquiring an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City in the third quarter worth approximately $34,000. Chris Bulman Inc purchased a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth $35,000. Finally, Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $74.37 on Friday. The company has a market cap of $69.42 billion, a P/E ratio of 26.56, a P/E/G ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52-week low of $72.29 and a 52-week high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The firm’s fifty day moving average is $77.48 and its two-hundred day moving average is $79.89.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same period last year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio is currently 20.00%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Bank of America decreased their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price objective for the stock from $94.00 to $92.00 in a research note on Thursday, October 24th. Barclays boosted their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Wednesday, September 25th. Stephens reduced their target price on shares of Canadian Pacific Kansas City from $85.00 to $81.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Evercore ISI lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an “outperform” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $94.88.

About Canadian Pacific Kansas City

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.