Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 37.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 213,485 shares of the transportation company’s stock after buying an additional 57,866 shares during the quarter. Canadian Pacific Kansas City accounts for about 1.2% of Foster Victor Wealth Advisors LLC’s investment portfolio, making the stock its 20th largest holding. Foster Victor Wealth Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $15,973,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. R Squared Ltd bought a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $218,000. SteelPeak Wealth LLC bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $380,000. Union Bancaire Privee UBP SA bought a new stake in shares of Canadian Pacific Kansas City in the 4th quarter valued at approximately $1,429,000. Blue Trust Inc. raised its position in shares of Canadian Pacific Kansas City by 11.7% during the 4th quarter. Blue Trust Inc. now owns 3,107 shares of the transportation company’s stock valued at $225,000 after acquiring an additional 326 shares in the last quarter. Finally, Compass Wealth Management LLC lifted its stake in Canadian Pacific Kansas City by 2.4% during the fourth quarter. Compass Wealth Management LLC now owns 58,317 shares of the transportation company’s stock worth $4,221,000 after purchasing an additional 1,372 shares during the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a report on Tuesday, January 7th. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 target price on the stock in a report on Wednesday, January 8th. Stephens raised Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $81.00 to $88.00 in a report on Monday, January 6th. Susquehanna cut their price target on Canadian Pacific Kansas City from $92.00 to $90.00 and set a “positive” rating on the stock in a report on Wednesday, January 8th. Finally, Citigroup lowered their price objective on Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. One equities 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $92.63.

Canadian Pacific Kansas City Trading Down 1.9 %

Canadian Pacific Kansas City stock opened at $79.15 on Wednesday. Canadian Pacific Kansas City Limited has a 12-month low of $70.89 and a 12-month high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The stock has a market capitalization of $73.89 billion, a PE ratio of 28.27, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The firm has a 50 day simple moving average of $75.15 and a 200-day simple moving average of $79.05.

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.