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

Icon Wealth Advisors LLC lowered its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 88.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 842 shares of the transportation company’s stock after selling 6,712 shares during the period. Icon Wealth Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $72,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. S&CO Inc. grew its holdings in Canadian Pacific Kansas City by 183.3% during the third quarter. S&CO Inc. now owns 17,000 shares of the transportation company’s stock worth $1,454,000 after buying an additional 11,000 shares in the last quarter. Swiss National Bank lifted its stake in Canadian Pacific Kansas City by 0.8% in the 3rd quarter. Swiss National Bank now owns 2,820,893 shares of the transportation company’s stock worth $241,645,000 after purchasing an additional 23,000 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in Canadian Pacific Kansas City in the second quarter valued at approximately $11,810,000. Cetera Investment Advisers increased its position in shares of Canadian Pacific Kansas City by 272.0% during the 1st quarter. Cetera Investment Advisers now owns 55,226 shares of the transportation company’s stock valued at $4,874,000 after purchasing an additional 40,380 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Canadian Pacific Kansas City in the third quarter worth $696,000. Institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CP. Barclays upped their target price on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, September 25th. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and lowered their target price for the company from $94.00 to $92.00 in a research report on Thursday, October 24th. Evercore ISI upped their price target on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 25th. Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Finally, Citigroup cut their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a report on Tuesday, November 12th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $93.68.

Canadian Pacific Kansas City Price Performance

Shares of NYSE:CP opened at $76.69 on Monday. The company 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 company’s 50 day moving average is $80.34 and its 200 day moving average is $80.45. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $69.27 and a twelve month high of $91.58.

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

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 0.73%. The ex-dividend date is Friday, December 27th. This is a positive change 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%.

Canadian Pacific Kansas City Company 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.