AdvisorNet Financial Inc Buys 682 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

AdvisorNet Financial Inc raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 131.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,201 shares of the transportation company’s stock after buying an additional 682 shares during the period. AdvisorNet Financial Inc’s holdings in Canadian Pacific Kansas City were worth $95,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Carolinas Wealth Consulting LLC bought a new stake in Canadian Pacific Kansas City during the 2nd quarter worth $25,000. Stonebridge Capital Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City by 750.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock worth $25,000 after purchasing an additional 300 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $29,000. Sands Capital Management LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth approximately $31,000. Finally, Fortis Capital Advisors LLC bought a new stake in Canadian Pacific Kansas City during the 1st quarter worth approximately $39,000. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CP. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. StockNews.com upgraded Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Scotiabank restated a “sector perform” rating on shares of Canadian Pacific Kansas City in a report on Monday, March 25th. Susquehanna Bancshares downgraded shares of Canadian Pacific Kansas City from a “positive” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $87.00 in a research report on Monday, January 8th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Canadian Pacific Kansas City from $121.00 to $116.00 and set an “overweight” rating for the company in a research report on Thursday, December 21st. Eleven investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $92.88.

Canadian Pacific Kansas City Stock Performance

Shares of CP opened at $87.54 on Thursday. The stock has a 50-day moving average of $85.94 and a 200-day moving average of $78.53. Canadian Pacific Kansas City Limited has a one year low of $68.92 and a one year high of $91.58. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The company has a market cap of $81.63 billion, a PE ratio of 27.88, a P/E/G ratio of 2.65 and a beta of 0.94.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. Canadian Pacific Kansas City had a return on equity of 8.52% and a net margin of 31.29%. The firm had revenue of $2.77 billion during the quarter, compared to analysts’ expectations of $2.71 billion. On average, equities research analysts predict that Canadian Pacific Kansas City Limited will post 3.22 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a dividend of $0.1415 per share. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.57 annualized dividend and a yield of 0.65%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.83%.

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.