Financial Advocates Investment Management Has $654,000 Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Financial Advocates Investment Management cut its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,040 shares of the transportation company’s stock after selling 1,604 shares during the quarter. Financial Advocates Investment Management’s holdings in Canadian Pacific Kansas City were worth $654,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $36,000. Country Club Bank boosted its holdings in shares of Canadian Pacific Kansas City by 4.6% in the 4th quarter. Country Club Bank now owns 81,858 shares of the transportation company’s stock valued at $5,891,000 after purchasing an additional 3,571 shares in the last quarter. Hager Investment Management Services LLC bought a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $87,000. Stratos Wealth Partners LTD. raised its holdings in shares of Canadian Pacific Kansas City by 3.1% during the 4th quarter. Stratos Wealth Partners LTD. now owns 7,465 shares of the transportation company’s stock worth $540,000 after buying an additional 226 shares in the last quarter. Finally, Calamos Wealth Management LLC lifted its position in shares of Canadian Pacific Kansas City by 1,583.4% during the 4th quarter. Calamos Wealth Management LLC now owns 152,196 shares of the transportation company’s stock worth $11,014,000 after buying an additional 143,155 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Wells Fargo & Company cut their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 7th. Citigroup upped their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Bank of America cut their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $95.45.

Canadian Pacific Kansas City Stock Performance

NYSE:CP opened at $77.17 on Friday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The company has a 50 day simple moving average of $75.53 and a two-hundred day simple moving average of $78.84. The company has a market capitalization of $72.04 billion, a PE ratio of 26.61, a P/E/G ratio of 2.06 and a beta of 0.97.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.39 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio is 18.62%.

Canadian Pacific Kansas City 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.