Shell Asset Management Co. Has $2.30 Million Stake in Canadian Pacific Kansas City Limited $CP

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

Several other institutional investors have also recently bought and sold shares of the business. Valley National Advisers Inc. raised its stake in Canadian Pacific Kansas City by 42.4% during the second quarter. Valley National Advisers Inc. now owns 2,930 shares of the transportation company’s stock worth $231,000 after acquiring an additional 872 shares in the last quarter. Boston Common Asset Management LLC raised its stake in Canadian Pacific Kansas City by 4.8% during the second quarter. Boston Common Asset Management LLC now owns 61,688 shares of the transportation company’s stock worth $4,890,000 after acquiring an additional 2,838 shares in the last quarter. Tilia Fiduciary Partners Inc. raised its stake in Canadian Pacific Kansas City by 3.3% during the second quarter. Tilia Fiduciary Partners Inc. now owns 32,291 shares of the transportation company’s stock worth $2,560,000 after acquiring an additional 1,040 shares in the last quarter. Successful Portfolios LLC acquired a new position in Canadian Pacific Kansas City during the second quarter worth about $223,000. Finally, Ameritas Advisory Services LLC acquired a new position in Canadian Pacific Kansas City during the second quarter worth about $186,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CP shares. Susquehanna lowered their price objective on Canadian Pacific Kansas City from $91.00 to $88.00 and set a “positive” rating for the company in a research note on Thursday, September 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Canadian Pacific Kansas City in a research note on Wednesday. National Bank Financial raised Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 30th. Stephens upped their price objective on Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Citigroup upped their price objective on Canadian Pacific Kansas City from $89.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $91.85.

Canadian Pacific Kansas City Stock Performance

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

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, July 30th. The transportation company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.01). The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.05 EPS. Research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, September 26th will be given a dividend of $0.1651 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 dividend on an annualized basis 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 payout ratio is currently 20.56%.

Canadian Pacific Kansas City 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.