Shelton Wealth Management LLC Acquires 3,963 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Shelton Wealth Management LLC boosted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 31.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 16,400 shares of the transportation company's stock after purchasing an additional 3,963 shares during the period. Shelton Wealth Management LLC's holdings in Canadian Pacific Kansas City were worth $1,187,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CP. Merit Financial Group LLC purchased a new stake in shares of Canadian Pacific Kansas City in the fourth quarter worth $288,000. Dixon Mitchell Investment Counsel Inc. boosted its holdings in 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 worth $19,108,000 after buying an additional 3,120 shares during the period. Pinnacle Bancorp Inc. increased its stake in Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company's stock worth $90,000 after buying an additional 150 shares in the last quarter. Founders Grove Wealth Partners LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at about $257,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Canadian Pacific Kansas City by 12.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,632 shares of the transportation company's stock valued at $118,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Bank of America decreased their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating on the stock in a research note on Thursday, October 24th. 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 for the company in a research report on Wednesday, October 9th. Citigroup reduced their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Evercore ISI increased their price objective on shares of Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a report on Wednesday, September 25th. Finally, Barclays reduced their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $92.63.

Canadian Pacific Kansas City Trading Up 0.3 %

Shares of CP stock traded up $0.24 on Friday, reaching $74.80. 3,153,832 shares of the company's stock were exchanged, compared to its average volume of 2,119,487. The company's fifty day simple moving average is $74.69 and its 200 day simple moving average is $79.17. 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 current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $69.83 billion, a PE ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released 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 the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a return on equity of 8.78% and a net margin of 24.50%. The firm's revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.69 earnings per share. As a group, analysts forecast that Canadian Pacific Kansas City Limited will post 3.02 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio is currently 19.29%.

About Canadian Pacific Kansas City

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.