Foster Victor Wealth Advisors LLC Raises Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

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

Several other hedge funds have also made changes to their positions in CP. Grove Bank & Trust raised its position in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock worth $31,000 after buying an additional 130 shares during the last quarter. Tower View Wealth Management LLC increased its stake in shares of Canadian Pacific Kansas City by 0.3% during the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock worth $4,410,000 after acquiring an additional 130 shares during the period. Trust Co. of Vermont raised its holdings in Canadian Pacific Kansas City by 4.7% during the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock worth $260,000 after purchasing an additional 135 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its position in Canadian Pacific Kansas City by 12.7% in the third quarter. Massmutual Trust Co. FSB ADV now owns 1,252 shares of the transportation company’s stock valued at $107,000 after purchasing an additional 141 shares during the period. Finally, Pinnacle Bancorp Inc. boosted its holdings in Canadian Pacific Kansas City by 13.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 1,250 shares of the transportation company’s stock valued at $90,000 after purchasing an additional 150 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Down 1.9 %

Shares of NYSE CP opened at $79.15 on Wednesday. The stock has a fifty day moving average price of $75.15 and a 200 day moving average price of $79.05. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. 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 market cap of $73.89 billion, a P/E ratio of 28.27, a P/E/G ratio of 2.01 and a beta of 0.96.

Analysts Set New Price Targets

CP has been the topic of several recent analyst reports. Citigroup lowered their target price on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Wolfe Research raised Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price objective for the company in a research note on Wednesday, January 8th. Barclays decreased their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 24th. Finally, Wells Fargo & Company lowered their price objective on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, Canadian Pacific Kansas City currently has an average rating of “Moderate Buy” and a consensus target price of $92.63.

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.