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

Avantax Advisory Services Inc. decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 28.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor 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 filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of CP. Kestra Investment Management LLC acquired a new position in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $33,000. FSA Wealth Management LLC bought a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at $34,000. Stonebridge Financial Group LLC acquired a new position in Canadian Pacific Kansas City in the 4th quarter valued at $34,000. YANKCOM Partnership bought a new position in Canadian Pacific Kansas City during the 4th quarter worth $36,000. Finally, Spire Wealth Management acquired a new stake in shares of Canadian Pacific Kansas City during the fourth quarter worth $44,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.1 %

Shares of NYSE CP opened at $75.35 on Tuesday. The company has a market cap of $70.35 billion, a price-to-earnings ratio of 25.98, a PEG ratio of 2.00 and a beta of 0.98. 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 Limited has a 12 month low of $70.89 and a 12 month high of $90.64. The stock has a 50-day moving average price of $76.90 and a two-hundred day moving average price of $78.14.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. As a group, 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be issued a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 17.93%.

Wall Street Analyst Weigh In

CP has been the topic of several research reports. Royal Bank of Canada upped their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th. Barclays decreased their target price on shares of Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a research note on Monday, February 3rd. Wolfe Research upgraded Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research note on Wednesday, January 8th. Finally, Stephens upped their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and an average target price of $95.45.

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.