Fortune Financial Advisors LLC Has $869,000 Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Fortune Financial Advisors LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 12,008 shares of the transportation company’s stock after purchasing an additional 593 shares during the period. Fortune Financial Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $869,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Affirmative Financial Network lifted its position in Canadian Pacific Kansas City by 9.4% during the 4th quarter. First Affirmative Financial Network now owns 7,752 shares of the transportation company’s stock worth $561,000 after acquiring an additional 665 shares during the last quarter. Hanson & Doremus Investment Management lifted its position in shares of Canadian Pacific Kansas City by 200.8% during the 4th quarter. Hanson & Doremus Investment Management now owns 1,498 shares of the transportation company’s stock worth $108,000 after purchasing an additional 1,000 shares during the last quarter. Montrusco Bolton Investments Inc. lifted its position in shares of Canadian Pacific Kansas City by 8.2% during the 4th quarter. Montrusco Bolton Investments Inc. now owns 32,547 shares of the transportation company’s stock worth $2,355,000 after purchasing an additional 2,458 shares during the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in Canadian Pacific Kansas City by 37.2% during the 4th quarter. Foster Victor Wealth Advisors LLC now owns 213,485 shares of the transportation company’s stock valued at $15,973,000 after purchasing an additional 57,866 shares during the period. Finally, R Squared Ltd acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at approximately $218,000. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Up 1.1 %

Shares of NYSE CP opened at $79.69 on Friday. Canadian Pacific Kansas City Limited has a 52-week low of $70.89 and a 52-week high of $91.58. 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 business has a fifty day moving average of $75.25 and a two-hundred day moving average of $79.04. The stock has a market cap of $74.39 billion, a PE ratio of 27.48, a PEG ratio of 2.04 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (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%. As a group, equities research analysts expect that Canadian Pacific Kansas City Limited will post 3.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CP shares. Wells Fargo & Company cut their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating for the company in a report on Tuesday, January 7th. Susquehanna reduced their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating for the company in a research note on Wednesday, January 8th. Citigroup boosted their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. Stifel Nicolaus reduced their price objective on Canadian Pacific Kansas City from $82.00 to $76.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Finally, Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.