Shelton Wealth Management LLC Increases Position in Canadian Pacific Kansas City Limited $CP

Shelton Wealth Management LLC increased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 33.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,450 shares of the transportation company's stock after buying an additional 4,889 shares during the quarter. Shelton Wealth Management LLC's holdings in Canadian Pacific Kansas City were worth $1,542,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Lazard Asset Management LLC lifted its position in Canadian Pacific Kansas City by 22.8% during the fourth quarter. Lazard Asset Management LLC now owns 1,025 shares of the transportation company's stock valued at $74,000 after purchasing an additional 190 shares during the period. Nomura Holdings Inc. lifted its position in Canadian Pacific Kansas City by 54.5% during the fourth quarter. Nomura Holdings Inc. now owns 5,100 shares of the transportation company's stock valued at $369,000 after purchasing an additional 1,800 shares during the period. Twinbeech Capital LP lifted its position in Canadian Pacific Kansas City by 67.5% during the fourth quarter. Twinbeech Capital LP now owns 4,158 shares of the transportation company's stock valued at $301,000 after purchasing an additional 1,675 shares during the period. Squarepoint Ops LLC lifted its position in Canadian Pacific Kansas City by 165.7% during the fourth quarter. Squarepoint Ops LLC now owns 28,450 shares of the transportation company's stock valued at $2,059,000 after purchasing an additional 71,750 shares during the period. Finally, Vident Advisory LLC lifted its position in Canadian Pacific Kansas City by 8.4% during the fourth quarter. Vident Advisory LLC now owns 5,946 shares of the transportation company's stock valued at $430,000 after purchasing an additional 463 shares during the period. 72.20% of the stock is owned by hedge funds and other institutional investors.

Canadian Pacific Kansas City Stock Up 0.1%

Shares of NYSE CP opened at $75.69 on Friday. Canadian Pacific Kansas City Limited has a 12-month low of $66.49 and a 12-month high of $86.84. The stock has a market cap of $68.64 billion, a PE ratio of 23.58, a P/E/G ratio of 2.12 and a beta of 1.06. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average of $75.97 and a 200 day moving average of $76.39.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business had revenue of $2.72 billion for the quarter, compared to analysts' expectations of $2.76 billion. During the same period in the prior year, the company posted $1.05 EPS. The firm's revenue was up 2.7% on a year-over-year basis. As a group, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be paid a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a yield of 0.9%. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. Canadian Pacific Kansas City's dividend payout ratio is currently 20.56%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CP. The Goldman Sachs Group restated a "neutral" rating and set a $91.00 target price on shares of Canadian Pacific Kansas City in a research report on Monday, June 2nd. Wall Street Zen downgraded shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Saturday, September 13th. Susquehanna restated a "positive" rating and set a $94.00 target price (up from $90.00) on shares of Canadian Pacific Kansas City in a research report on Tuesday, June 24th. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Scotiabank reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.30.

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.

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