UMB Bank n.a. Increases Stock Position in Canadian Pacific Kansas City Limited (NYSE:CP)

UMB Bank n.a. grew its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 113,161 shares of the transportation company's stock after buying an additional 5,281 shares during the period. UMB Bank n.a.'s holdings in Canadian Pacific Kansas City were worth $8,189,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Grove Bank & Trust lifted its holdings in Canadian Pacific Kansas City by 56.0% during 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 last quarter. Addison Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after buying an additional 279 shares in the last quarter. FSA Wealth Management LLC bought a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $34,000. Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at about $38,000. Finally, Kennebec Savings Bank bought a new position in Canadian Pacific Kansas City during the third quarter worth about $42,000. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Up 0.3 %

NYSE CP traded up $0.24 during trading on Monday, hitting $74.80. 3,153,832 shares of the company's stock traded hands, compared to its average volume of 2,119,487. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The stock has a fifty day moving average of $74.69 and a two-hundred day moving average of $79.16. The firm has a market cap of $69.83 billion, a P/E ratio of 26.71, a PEG ratio of 1.89 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $3.59 billion. During the same quarter in the prior year, the company posted $0.69 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.02 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 27th. Shareholders 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 yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's payout ratio is presently 19.29%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Susquehanna decreased their target price on Canadian Pacific Kansas City from $92.00 to $90.00 and set a "positive" rating on the stock in a research report on Wednesday, January 8th. Evercore ISI upped their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. Sanford C. Bernstein lowered their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Wolfe Research raised shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. Finally, Benchmark reissued a "hold" rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $92.63.

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.