Icon Wealth Advisors LLC Has $72,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Icon Wealth Advisors LLC decreased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 88.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 842 shares of the transportation company’s stock after selling 6,712 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $72,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Grove Bank & Trust raised its stake in shares of Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. LRI Investments LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at about $32,000. Addison Advisors LLC increased its stake 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 valued at $34,000 after acquiring an additional 279 shares during the period. Chris Bulman Inc acquired a new position in Canadian Pacific Kansas City in the second quarter worth about $35,000. Finally, Asset Dedication LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth about $38,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 2.0 %

Shares of Canadian Pacific Kansas City stock opened at $76.69 on Monday. The stock has a market cap of $71.58 billion, a PE ratio of 27.39, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The business has a fifty day simple moving average of $80.34 and a 200 day simple moving average of $80.45. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a 12 month low of $69.27 and a 12 month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm had revenue of $3.55 billion during the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. Research analysts predict that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Friday, December 27th. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on CP shares. Evercore ISI increased their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, September 25th. Barclays boosted their target price on shares of 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. Bank of America cut their price target on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Citigroup decreased their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research note on Tuesday, November 12th. Finally, Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and reduced their target price for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $93.68.

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.