UMB Bank n.a. Has $7.90 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

UMB Bank n.a. reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 0.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 112,489 shares of the transportation company’s stock after selling 672 shares during the quarter. UMB Bank n.a.’s holdings in Canadian Pacific Kansas City were worth $7,898,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Bernard Wealth Management Corp. acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at $31,000. Kestra Investment Management LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at about $34,000. Millstone Evans Group LLC bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth about $36,000. Finally, Curio Wealth LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth approximately $39,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

NYSE CP opened at $81.88 on Monday. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The company has a fifty day simple moving average of $75.86 and a 200 day simple moving average of $75.63. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $87.72. The company has a market cap of $76.19 billion, a P/E ratio of 28.23, a PEG ratio of 2.00 and a beta of 1.10.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, hitting the consensus estimate of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The company had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. Sell-side analysts predict 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 business also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be issued a $0.1644 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 22.30%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CP shares. Argus set a $90.00 target price on shares of Canadian Pacific Kansas City in a research report on Wednesday, March 26th. The Goldman Sachs Group reiterated a “neutral” rating and set a $91.00 price objective on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a report on Monday, April 14th. Susquehanna increased their price target on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the stock a “positive” rating in a report on Thursday, May 1st. Finally, Royal Bank of Canada dropped their price objective on Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating on the stock in a research note on Thursday, May 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $90.66.

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.