Shell Asset Management Co. Purchases 15,410 Shares of Canadian Pacific Kansas City Limited $CP

Shell Asset Management Co. lifted its position in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 112.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,124 shares of the transportation company’s stock after buying an additional 15,410 shares during the quarter. Shell Asset Management Co.’s holdings in Canadian Pacific Kansas City were worth $2,303,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CP. Bank of New York Mellon Corp boosted its position in Canadian Pacific Kansas City by 3.0% during the first quarter. Bank of New York Mellon Corp now owns 1,065,476 shares of the transportation company’s stock worth $74,807,000 after purchasing an additional 31,508 shares during the period. Concurrent Investment Advisors LLC boosted its position in Canadian Pacific Kansas City by 70.0% during the first quarter. Concurrent Investment Advisors LLC now owns 5,990 shares of the transportation company’s stock worth $421,000 after purchasing an additional 2,467 shares during the period. CX Institutional bought a new position in Canadian Pacific Kansas City during the first quarter worth $61,000. Janney Montgomery Scott LLC boosted its position in Canadian Pacific Kansas City by 28.8% during the first quarter. Janney Montgomery Scott LLC now owns 101,211 shares of the transportation company’s stock worth $7,106,000 after purchasing an additional 22,606 shares during the period. Finally, Vanderbilt University boosted its position in Canadian Pacific Kansas City by 10.3% during the second quarter. Vanderbilt University now owns 75,452 shares of the transportation company’s stock worth $5,982,000 after purchasing an additional 7,050 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Trading Down 0.1%

CP opened at $77.68 on Thursday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a 50-day simple moving average of $75.25 and a 200 day simple moving average of $76.44. The company has a quick ratio of 0.81, a current ratio of 0.93 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $70.45 billion, a price-to-earnings ratio of 24.20, a P/E/G ratio of 2.18 and a beta of 1.08.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.69% and a net margin of 28.05%.The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the company earned $1.05 EPS. The company’s revenue for the quarter was up 2.7% compared to the same quarter last year. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be given a dividend of $0.1651 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.16. This represents a $0.66 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Friday, September 26th. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is currently 20.56%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CP. Barclays set a $90.00 price objective on shares of Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research report on Thursday, October 2nd. National Bankshares reaffirmed an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Stephens boosted their target price on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings reissued a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research report on Wednesday. Finally, Wall Street Zen cut shares of Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a research report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $91.85.

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.