Aviso Financial Inc. Grows Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Aviso Financial Inc. increased its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,012,306 shares of the transportation company’s stock after acquiring an additional 138,545 shares during the quarter. Canadian Pacific Kansas City comprises approximately 3.7% of Aviso Financial Inc.’s investment portfolio, making the stock its 8th biggest holding. Aviso Financial Inc. owned about 0.11% of Canadian Pacific Kansas City worth $73,279,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Madison Investment Advisors LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter valued at approximately $2,469,000. Forge First Asset Management Inc. lifted its stake in Canadian Pacific Kansas City by 30.1% in the fourth quarter. Forge First Asset Management Inc. now owns 271,000 shares of the transportation company’s stock valued at $19,600,000 after buying an additional 62,700 shares in the last quarter. YCG LLC lifted its stake in Canadian Pacific Kansas City by 16.2% in the fourth quarter. YCG LLC now owns 487,205 shares of the transportation company’s stock valued at $35,259,000 after buying an additional 68,025 shares in the last quarter. Sequoia Financial Advisors LLC lifted its stake in Canadian Pacific Kansas City by 4.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 12,461 shares of the transportation company’s stock valued at $902,000 after buying an additional 483 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in Canadian Pacific Kansas City by 1.1% in the fourth quarter. HighTower Advisors LLC now owns 576,449 shares of the transportation company’s stock valued at $41,718,000 after buying an additional 6,255 shares in the last quarter. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. 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. Stifel Nicolaus cut their price objective on shares of 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 reissued a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Loop Capital lowered shares of Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, Susquehanna cut their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.45.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $72.75 on Friday. The company has a market cap of $67.93 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.00 and a beta of 0.98. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.38. The company’s fifty day simple moving average is $76.89 and its 200 day simple moving average is $78.30. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating 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%. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be issued a $0.1318 dividend. The ex-dividend date of this dividend is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.72%. Canadian Pacific Kansas City’s dividend payout ratio is currently 17.93%.

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.