AdvisorNet Financial Inc Raises Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

AdvisorNet Financial Inc boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CPFree Report) (TSE:CP) by 131.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,201 shares of the transportation company’s stock after acquiring an additional 682 shares during the quarter. AdvisorNet Financial Inc’s holdings in Canadian Pacific Kansas City were worth $95,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CP. Carolinas Wealth Consulting LLC purchased a new stake in shares of Canadian Pacific Kansas City during the second quarter valued at $25,000. Stonebridge Capital Advisors LLC boosted its position in Canadian Pacific Kansas City by 750.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock valued at $25,000 after buying an additional 300 shares during the period. Sands Capital Management LLC bought a new position in Canadian Pacific Kansas City in the 3rd quarter worth about $31,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City during the third quarter worth approximately $29,000. Finally, Anchor Investment Management LLC bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $40,000. Institutional investors own 72.20% of the company’s stock.

Canadian Pacific Kansas City Trading Up 0.6 %

Shares of NYSE:CP opened at $87.54 on Thursday. The business’s 50-day moving average is $85.94 and its 200 day moving average is $78.53. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The firm has a market capitalization of $81.63 billion, a P/E ratio of 27.88, a P/E/G ratio of 2.65 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CPGet Free Report) (TSE:CP) last issued its quarterly earnings results on Tuesday, January 30th. The transportation company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.04. The business had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.22 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, April 29th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This represents a $0.57 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, March 27th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s payout ratio is currently 17.83%.

Analyst Upgrades and Downgrades

Several research firms have commented on CP. Susquehanna reduced their price objective on Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Stifel Nicolaus raised their target price on shares of Canadian Pacific Kansas City from $78.00 to $80.00 and gave the company a “hold” rating in a research report on Wednesday, January 31st. TD Securities cut shares of Canadian Pacific Kansas City from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and cut their price objective for the company from $90.00 to $87.00 in a report on Monday, January 8th. Eleven analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Hold” and a consensus target price of $92.88.

Get Our Latest Stock Analysis on Canadian Pacific Kansas City

Canadian Pacific Kansas City Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Canadian Pacific Kansas City (NYSE:CP)

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