Shelton Wealth Management LLC Sells 7,548 Shares of Canadian Pacific Kansas City Limited $CP

Shelton Wealth Management LLC reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 36.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,107 shares of the transportation company’s stock after selling 7,548 shares during the quarter. Shelton Wealth Management LLC’s holdings in Canadian Pacific Kansas City were worth $965,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Canadian Pacific Kansas City by 1.3% in the third quarter. Vanguard Group Inc. now owns 38,734,456 shares of the transportation company’s stock worth $2,884,826,000 after purchasing an additional 510,633 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Canadian Pacific Kansas City by 18.3% during the third quarter. Invesco Ltd. now owns 23,128,485 shares of the transportation company’s stock valued at $1,722,841,000 after purchasing an additional 3,585,030 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Canadian Pacific Kansas City by 9.1% during the third quarter. CIBC Asset Management Inc now owns 8,352,370 shares of the transportation company’s stock valued at $623,937,000 after purchasing an additional 698,705 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Canadian Pacific Kansas City by 6.1% during the third quarter. Legal & General Group Plc now owns 7,193,408 shares of the transportation company’s stock valued at $535,836,000 after purchasing an additional 413,042 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Canadian Pacific Kansas City by 3.2% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,021,956 shares of the transportation company’s stock valued at $450,623,000 after purchasing an additional 187,066 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Trading Down 1.1%

Shares of CP stock opened at $80.11 on Friday. Canadian Pacific Kansas City Limited has a 1 year low of $68.42 and a 1 year high of $89.42. The firm has a fifty day moving average price of $82.19 and a 200-day moving average price of $76.52. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.49 and a quick ratio of 0.41. The company has a market cap of $71.48 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 1.74 and a beta of 1.07.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings data on Wednesday, January 28th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.04). Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. The business had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. During the same period in the previous year, the firm earned $1.29 EPS. The company’s revenue was up 1.3% on a year-over-year basis. As a group, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be paid a $0.228 dividend. The ex-dividend date is Friday, March 27th. This represents a $0.91 annualized dividend and a yield of 1.1%. Canadian Pacific Kansas City’s payout ratio is presently 20.74%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Evercore decreased their price objective on shares of Canadian Pacific Kansas City from $87.00 to $85.00 and set an “outperform” rating for the company in a report on Thursday, January 29th. Sanford C. Bernstein boosted their price objective on shares of Canadian Pacific Kansas City from $85.41 to $90.00 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Scotiabank lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 9th. Citigroup boosted their price objective on shares of Canadian Pacific Kansas City from $86.00 to $93.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Finally, Wall Street Zen lowered shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.80.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC’s core business is freight transportation and related logistics services.