Dixon Mitchell Investment Counsel Inc. Has $19.11 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Dixon Mitchell Investment Counsel Inc. increased its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 1.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 263,557 shares of the transportation company’s stock after acquiring an additional 3,120 shares during the quarter. Dixon Mitchell Investment Counsel Inc.’s holdings in Canadian Pacific Kansas City were worth $19,108,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Citizens Financial Group Inc. RI bought a new stake in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $229,000. Bradley Foster & Sargent Inc. CT lifted its position in Canadian Pacific Kansas City by 3.0% during the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock worth $355,000 after acquiring an additional 131 shares during the last quarter. Lingotto Investment Management LLP boosted its holdings in shares of Canadian Pacific Kansas City by 32.5% during the second quarter. Lingotto Investment Management LLP now owns 131,608 shares of the transportation company’s stock worth $10,361,000 after acquiring an additional 32,315 shares during the period. Argent Trust Co grew its position in shares of Canadian Pacific Kansas City by 3.0% in the second quarter. Argent Trust Co now owns 11,431 shares of the transportation company’s stock valued at $900,000 after purchasing an additional 328 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its stake in shares of Canadian Pacific Kansas City by 18.1% during the second quarter. Mercer Global Advisors Inc. ADV now owns 23,532 shares of the transportation company’s stock worth $1,869,000 after purchasing an additional 3,612 shares during the period. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Up 0.1 %

CP stock opened at $74.24 on Thursday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a fifty-two week low of $70.89 and a fifty-two week high of $91.58. The stock’s 50 day simple moving average is $74.92 and its 200 day simple moving average is $79.26. The company has a market cap of $69.31 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 1.89 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the previous year, the business posted $0.69 EPS. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.02 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio is currently 19.29%.

Analysts Set New Price Targets

CP has been the subject of several recent analyst reports. Wolfe Research raised shares of 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 report on Wednesday, January 8th. Bank of America lowered their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein reduced their price target on shares of Canadian Pacific Kansas City from $91.98 to $91.25 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Stephens upgraded shares of Canadian Pacific Kansas City from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $81.00 to $88.00 in a research report on Monday, January 6th. Finally, Wells Fargo & Company cut 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 research report on Tuesday, January 7th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.10.

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.