AdvisorNet Financial Inc Sells 425 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

AdvisorNet Financial Inc cut its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 38.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 682 shares of the transportation company’s stock after selling 425 shares during the period. AdvisorNet Financial Inc’s holdings in Canadian Pacific Kansas City were worth $49,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Grove Bank & Trust raised its position 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 valued at $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC boosted its stake in shares of Canadian Pacific Kansas City by 246.9% during the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company’s stock worth $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC bought a new stake in Canadian Pacific Kansas City during the 3rd quarter valued at about $34,000. Asset Dedication LLC bought a new stake in shares of Canadian Pacific Kansas City in the 3rd quarter valued at about $38,000. Finally, Kennebec Savings Bank bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth approximately $42,000. 72.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CP. Barclays dropped their price objective on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a report on Friday. Susquehanna reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research report on Wednesday, January 8th. Bank of America dropped their price objective on shares of Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $74.80 on Friday. The firm has a market cap of $69.83 billion, a price-to-earnings ratio of 26.71, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58. The firm’s fifty day moving average price is $74.69 and its 200 day moving average price is $79.17. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 EPS. On average, sell-side analysts expect that Canadian Pacific Kansas City Limited will post 3.02 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be paid a $0.14 dividend. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. This represents a $0.56 annualized dividend and a yield of 0.75%. Canadian Pacific Kansas City’s payout ratio is presently 19.29%.

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.