Advisor Group Holdings Inc. Boosts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Posted by Defense World Staff on May 29th, 2023

Advisor Group Holdings Inc. increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP – Get Rating) (TSE:CP) by 0.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 138,070 shares of the transportation company’s stock after acquiring an additional 1,135 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Canadian Pacific Kansas City were worth $10,300,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BDO Wealth Advisors LLC lifted its holdings in shares of Canadian Pacific Kansas City by 928.6% in the 4th quarter. BDO Wealth Advisors LLC now owns 360 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 325 shares during the last quarter. Romano Brothers AND Company purchased a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Canadian Pacific Kansas City during the 3rd quarter worth $29,000. WJ Interests LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $43,000. Finally, Guardian Wealth Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City in the third quarter valued at about $50,000. 72.31% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Scotiabank raised Canadian Pacific Kansas City from a “sector perform” rating to a “sector outperform” rating in a report on Wednesday, March 15th. CIBC dropped their target price on Canadian Pacific Kansas City from C$128.00 to C$125.00 in a report on Wednesday, February 1st. Argus raised Canadian Pacific Kansas City from a “hold” rating to a “buy” rating and set a $92.00 price target for the company in a report on Tuesday, May 16th. Stifel Nicolaus dropped their price objective on shares of Canadian Pacific Kansas City from $78.00 to $75.00 in a research note on Tuesday, April 18th. Finally, Wells Fargo & Company raised their target price on shares of Canadian Pacific Kansas City from $85.00 to $90.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 1st. Four analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $89.40.

Canadian Pacific Kansas City Stock Performance

Shares of CP stock opened at $77.05 on Monday. The stock has a fifty day moving average price of $78.61 and a 200 day moving average price of $78.00. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.56 and a current ratio of 0.66. The stock has a market cap of $71.74 billion, a PE ratio of 25.51, a P/E/G ratio of 2.14 and a beta of 1.02. Canadian Pacific Kansas City Limited has a 1 year low of $65.17 and a 1 year high of $83.44.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Friday, June 30th will be paid a dividend of $0.141 per share. This represents a $0.56 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, June 29th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 18.54%.

About Canadian Pacific Kansas City

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Canadian Pacific Kansas City Ltd. provides rail freight transportation services. It offers rail services linking Canada, the United States and Mexico. The company was founded on June 22, 2001 and is headquartered in Calgary, Canada.