Canadian Pacific Kansas City Limited (NYSE:CP) is Mackenzie Financial Corp's 7th Largest Position

Mackenzie Financial Corp boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,178,436 shares of the transportation company's stock after acquiring an additional 787,608 shares during the period. Canadian Pacific Kansas City accounts for about 1.7% of Mackenzie Financial Corp's holdings, making the stock its 7th biggest position. Mackenzie Financial Corp owned about 1.52% of Canadian Pacific Kansas City worth $1,122,370,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. YCG LLC grew its stake in shares of Canadian Pacific Kansas City by 32.5% during the 4th quarter. YCG LLC now owns 372,422 shares of the transportation company's stock worth $29,444,000 after acquiring an additional 91,276 shares during the period. SG Americas Securities LLC boosted its position in Canadian Pacific Kansas City by 15.3% during the fourth quarter. SG Americas Securities LLC now owns 96,211 shares of the transportation company's stock worth $7,606,000 after purchasing an additional 12,748 shares during the period. Element Capital Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the third quarter worth about $7,815,000. Asset Management One Co. Ltd. bought a new stake in shares of Canadian Pacific Kansas City in the fourth quarter valued at approximately $5,392,000. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Canadian Pacific Kansas City by 83.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,880,185 shares of the transportation company's stock valued at $140,015,000 after buying an additional 857,878 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Price Performance

CP traded down $0.53 during midday trading on Monday, hitting $85.52. The stock had a trading volume of 1,400,023 shares, compared to its average volume of 2,055,768. The company has a market cap of $79.76 billion, a P/E ratio of 27.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.94. Canadian Pacific Kansas City Limited has a 1 year low of $68.92 and a 1 year high of $91.58. The business has a fifty day moving average of $87.17 and a 200 day moving average of $79.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 0.53.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to analysts' expectations of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.21 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Investors of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This represents a $0.57 annualized dividend and a yield of 0.66%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 17.83%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CP shares. Susquehanna dropped their target price on Canadian Pacific Kansas City from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, March 28th. StockNews.com upgraded Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Wednesday, January 31st. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a report on Wednesday, April 10th. Barclays raised their price objective on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Finally, Jefferies Financial Group initiated coverage on shares of Canadian Pacific Kansas City in a research note on Monday, April 8th. They set a "buy" rating and a $105.00 price objective for the company. Twelve investment analysts have rated the stock with 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 has a consensus rating of "Hold" and a consensus price target of $95.29.

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.