Bedell Frazier Investment Counseling LLC Has $11.99 Million Stake in Kansas City Southern (KSU)

Bedell Frazier Investment Counseling LLC raised its stake in Kansas City Southern (NYSE:KSU) by 139.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 139,765 shares of the transportation company’s stock after buying an additional 81,490 shares during the period. Kansas City Southern accounts for approximately 4.6% of Bedell Frazier Investment Counseling LLC’s investment portfolio, making the stock its 6th largest position. Bedell Frazier Investment Counseling LLC owned 0.13% of Kansas City Southern worth $11,986,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. WFG Advisors LP raised its stake in Kansas City Southern by 30.2% in the first quarter. WFG Advisors LP now owns 1,302 shares of the transportation company’s stock valued at $112,000 after buying an additional 302 shares during the last quarter. Financial Architects Inc raised its stake in Kansas City Southern by 270.6% in the first quarter. Financial Architects Inc now owns 1,527 shares of the transportation company’s stock valued at $131,000 after buying an additional 1,115 shares during the last quarter. Pacer Advisors Inc. raised its stake in Kansas City Southern by 3.1% in the first quarter. Pacer Advisors Inc. now owns 2,202 shares of the transportation company’s stock valued at $189,000 after buying an additional 66 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in Kansas City Southern by 2.4% in the first quarter. Envestnet Asset Management Inc. now owns 2,250 shares of the transportation company’s stock valued at $194,000 after buying an additional 52 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Kansas City Southern by 7.8% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,274 shares of the transportation company’s stock valued at $195,000 after buying an additional 165 shares during the last quarter. Institutional investors and hedge funds own 85.96% of the company’s stock.

Shares of Kansas City Southern (KSU) traded up 1.59% during trading on Friday, hitting $103.12. The company’s stock had a trading volume of 1,166,817 shares. The company has a market cap of $10.87 billion, a PE ratio of 20.75 and a beta of 0.80. The firm’s 50 day moving average price is $103.20 and its 200-day moving average price is $92.03. Kansas City Southern has a 52 week low of $79.05 and a 52 week high of $106.35.

Kansas City Southern (NYSE:KSU) last released its quarterly earnings data on Friday, July 21st. The transportation company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.07. Kansas City Southern had a net margin of 21.52% and a return on equity of 11.40%. The business had revenue of $656.40 million for the quarter, compared to analyst estimates of $627.81 million. During the same quarter last year, the firm earned $1.22 EPS. Kansas City Southern’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, analysts predict that Kansas City Southern will post $5.21 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 5th. Shareholders of record on Monday, June 12th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Thursday, June 8th. Kansas City Southern’s payout ratio is currently 26.51%.

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A number of brokerages have weighed in on KSU. BidaskClub downgraded Kansas City Southern from a “strong-buy” rating to a “buy” rating in a report on Friday. BMO Capital Markets reiterated a “market perform” rating and issued a $105.00 price target (up from $98.00) on shares of Kansas City Southern in a report on Tuesday. Cowen and Company restated a “market perform” rating and set a $104.00 target price (up from $95.00) on shares of Kansas City Southern in a research note on Monday. UBS AG restated a “positive” rating and set a $117.00 target price (up from $103.00) on shares of Kansas City Southern in a research note on Monday. Finally, Stifel Nicolaus restated a “buy” rating and set a $108.00 target price on shares of Kansas City Southern in a research note on Friday, June 30th. Twelve investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $103.31.

In other news, Director Robert J. Druten sold 3,500 shares of the business’s stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $92.57, for a total value of $323,995.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.95% of the company’s stock.

Kansas City Southern Company Profile

Kansas City Southern (KCS) is a holding company. The Company has domestic and international rail operations in North America that are focused on the north/south freight corridor connecting commercial and industrial markets in the central United States with industrial cities in Mexico. The Company’s subsidiaries include The Kansas City Southern Railway Company (KCSR) and Kansas City Southern de Mexico, SA de C.V.

Institutional Ownership by Quarter for Kansas City Southern (NYSE:KSU)

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