Alerus Financial NA Has $290,000 Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Alerus Financial NA reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 88.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,005 shares of the transportation company's stock after selling 30,452 shares during the period. Alerus Financial NA's holdings in Canadian Pacific Kansas City were worth $290,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new position in shares of Canadian Pacific Kansas City during the 4th quarter worth about $2,602,000. Oak Family Advisors LLC acquired a new position in Canadian Pacific Kansas City during the fourth quarter valued at approximately $262,000. Barclays PLC increased its stake 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 valued at $250,602,000 after purchasing an additional 81,111 shares in the last quarter. Toronto Dominion Bank raised its holdings in Canadian Pacific Kansas City by 20.4% in 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 during the period. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $249,000. 72.20% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research firms recently commented on CP. Stifel Nicolaus lowered their price objective on shares of 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. Royal Bank of Canada increased their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Barclays cut their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating on the stock in a report on Wednesday. Stephens increased their target price on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an "overweight" rating in a research note on Thursday, January 30th. Finally, Susquehanna cut their price target on shares of Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating on the stock in a research note on Thursday, March 27th. 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $94.68.

Canadian Pacific Kansas City Stock Up 1.8 %

Shares of NYSE CP traded up $1.31 during mid-day trading on Wednesday, hitting $72.36. The company had a trading volume of 1,052,034 shares, compared to its average volume of 2,530,925. Canadian Pacific Kansas City Limited has a one year low of $68.00 and a one year high of $89.26. The company has a market capitalization of $67.56 billion, a PE ratio of 24.95, a price-to-earnings-growth 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. The firm has a 50-day simple moving average of $76.23 and a two-hundred day simple moving average of $77.20.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) 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%. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 17.93%.

Canadian Pacific Kansas City Company 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.