Shelton Wealth Management LLC Boosts Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

Shelton Wealth Management LLC grew its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,400 shares of the transportation company’s stock after purchasing an additional 3,963 shares during the quarter. Shelton Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $1,187,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CP. Merit Financial Group LLC purchased a new position in Canadian Pacific Kansas City in the 4th quarter worth $288,000. Dixon Mitchell Investment Counsel Inc. boosted its holdings in shares of Canadian Pacific Kansas City by 1.2% in the 4th quarter. Dixon Mitchell Investment Counsel Inc. now owns 263,557 shares of the transportation company’s stock valued at $19,108,000 after acquiring an additional 3,120 shares during the last quarter. Pinnacle Bancorp Inc. increased its stake in shares of Canadian Pacific Kansas City by 13.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock worth $90,000 after acquiring an additional 150 shares during the period. Founders Grove Wealth Partners LLC purchased a new position in shares of Canadian Pacific Kansas City during the fourth quarter worth $257,000. Finally, Thurston Springer Miller Herd & Titak Inc. grew its position in Canadian Pacific Kansas City by 12.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company’s stock worth $118,000 after purchasing an additional 175 shares during the period. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Price Performance

CP stock opened at $74.80 on Friday. The business has a 50 day simple moving average of $74.75 and a 200-day simple moving average of $79.19. The company has a market capitalization of $69.83 billion, a P/E ratio of 26.71, a PEG ratio of 1.89 and a beta of 0.96. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. 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 announced its earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The business had revenue of $3.55 billion for the quarter, compared to analyst estimates of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. Canadian Pacific Kansas City’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the company posted $0.69 EPS. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.02 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be issued a $0.14 dividend. This is a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 19.29%.

Wall Street Analysts Forecast Growth

CP has been the topic of a number of analyst reports. StockNews.com cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research note on Wednesday, December 25th. Wells Fargo & Company reduced 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. Sanford C. Bernstein dropped their target price on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Barclays dropped their price target on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Wolfe Research upgraded shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a research report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $92.63.

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.