Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp lifted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,348,282 shares of the transportation company's stock after buying an additional 276,223 shares during the period. Canadian Pacific Kansas City makes up approximately 1.4% of Mackenzie Financial Corp's holdings, making the stock its 11th largest position. Mackenzie Financial Corp owned approximately 1.64% of Canadian Pacific Kansas City worth $1,110,111,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Kestra Investment Management LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $33,000. Stonebridge Financial Group LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $36,000. Finally, Curio Wealth LLC acquired a new stake in Canadian Pacific Kansas City in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CP shares. Jefferies Financial Group reduced their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Susquehanna raised their price objective on shares of Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a "positive" rating in a research report on Thursday, May 1st. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Thursday, January 30th. Stifel Nicolaus dropped their target price on shares of Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating for the company in a report on Monday, April 14th. Finally, Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $90.63.

Canadian Pacific Kansas City Price Performance

Shares of CP traded up $0.11 during mid-day trading on Wednesday, reaching $80.75. 2,360,984 shares of the company's stock were exchanged, compared to its average volume of 2,791,882. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. The company has a 50-day simple moving average of $74.26 and a two-hundred day simple moving average of $75.27. Canadian Pacific Kansas City Limited has a 52-week low of $66.49 and a 52-week high of $87.72. The company has a market cap of $75.14 billion, a price-to-earnings ratio of 27.85, a PEG ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share for the quarter, hitting analysts' consensus estimates of $0.74. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. The business had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the company posted $0.93 EPS. The company's revenue was up 8.0% on a year-over-year basis. On average, sell-side 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 announced a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 21.28%.

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.