Mount Yale Investment Advisors LLC Sells 2,688 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Mount Yale Investment Advisors LLC reduced its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 8.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 30,885 shares of the transportation company’s stock after selling 2,688 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $2,642,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust increased its stake in shares of 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. LRI Investments LLC acquired a new position in Canadian Pacific Kansas City during the first quarter worth approximately $32,000. Chris Bulman Inc bought a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $35,000. Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $38,000. Finally, ORG Partners LLC acquired a new stake in shares of Canadian Pacific Kansas City in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CP. Citigroup boosted their target price on Canadian Pacific Kansas City from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday. Evercore ISI increased 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 report on Wednesday, September 25th. Barclays raised their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 25th. Scotiabank upgraded shares of Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a research note on Wednesday, July 10th. Finally, Sanford C. Bernstein lowered their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Eight investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $97.78.

Canadian Pacific Kansas City Stock Down 0.4 %

NYSE CP opened at $78.50 on Friday. Canadian Pacific Kansas City Limited has a fifty-two week low of $68.92 and a fifty-two week high of $91.58. The business has a fifty day moving average price of $82.92 and a two-hundred day moving average price of $81.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.51 and a quick ratio of 0.44. The stock has a market capitalization of $73.24 billion, a PE ratio of 25.16, a PEG ratio of 2.21 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (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 8.77% and a net margin of 24.45%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the previous year, the firm posted $0.69 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Equities analysts expect that Canadian Pacific Kansas City Limited will post 3.2 earnings per share 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. Shareholders of record on Friday, December 27th will be given a $0.14 dividend. The ex-dividend date is Friday, December 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a yield of 0.71%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 17.31%.

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.