Avantax Advisory Services Inc. Has $1.80 Million Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Avantax Advisory Services Inc. lessened its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,915 shares of the transportation company’s stock after selling 9,754 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Canadian Pacific Kansas City were worth $1,803,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at about $2,602,000. Oak Family Advisors LLC bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at approximately $262,000. Barclays PLC raised its holdings in Canadian Pacific Kansas City by 2.8% in the third quarter. Barclays PLC now owns 2,929,642 shares of the transportation company’s stock worth $250,602,000 after purchasing an additional 81,111 shares during the period. Toronto Dominion Bank boosted its position in shares of Canadian Pacific Kansas City by 20.4% during the third quarter. Toronto Dominion Bank now owns 2,083,106 shares of the transportation company’s stock worth $178,189,000 after purchasing an additional 352,534 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of Canadian Pacific Kansas City in the 4th quarter valued at $249,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Price Performance

NYSE:CP opened at $75.35 on Tuesday. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $90.64. The company has a market cap of $70.35 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.00 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The stock’s 50-day simple moving average is $76.90 and its 200 day simple moving average is $78.14.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results 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 return on equity of 8.86% and a net margin of 25.51%. As a group, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal 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 given a $0.1318 dividend. The ex-dividend date is Friday, March 28th. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.70%. Canadian Pacific Kansas City’s payout ratio is 17.93%.

Analysts Set New Price Targets

Several brokerages recently commented on CP. Wells Fargo & Company dropped their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. Stephens lifted their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. StockNews.com cut Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Citigroup lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, January 30th. Finally, Benchmark reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.45.

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.