PCJ Investment Counsel Ltd. Has $12.34 Million Stock Holdings in Canadian Pacific Kansas City Limited (NYSE:CP)

PCJ Investment Counsel Ltd. grew its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 4.1% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 144,330 shares of the transportation company’s stock after purchasing an additional 5,740 shares during the period. Canadian Pacific Kansas City comprises approximately 3.9% of PCJ Investment Counsel Ltd.’s portfolio, making the stock its 5th biggest position. PCJ Investment Counsel Ltd.’s holdings in Canadian Pacific Kansas City were worth $12,344,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Grove Bank & Trust lifted its stake in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 130 shares during the last quarter. Tower View Wealth Management LLC lifted its stake in Canadian Pacific Kansas City by 0.3% in the third quarter. Tower View Wealth Management LLC now owns 51,550 shares of the transportation company’s stock valued at $4,410,000 after purchasing an additional 130 shares during the last quarter. Bradley Foster & Sargent Inc. CT lifted its stake in Canadian Pacific Kansas City by 3.0% in the second quarter. Bradley Foster & Sargent Inc. CT now owns 4,504 shares of the transportation company’s stock valued at $355,000 after purchasing an additional 131 shares during the last quarter. Trust Co. of Vermont lifted its stake in Canadian Pacific Kansas City by 4.7% in the third quarter. Trust Co. of Vermont now owns 3,037 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 135 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV lifted its stake 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 last quarter. 72.20% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CP shares. Evercore ISI increased their target price on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 25th. Bank of America dropped their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Citigroup dropped their target price on 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. Susquehanna upgraded Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and dropped their target price for the stock from $94.00 to $92.00 in a research report on Thursday, October 24th. Finally, Stifel Nicolaus dropped their target price on Canadian Pacific Kansas City from $83.00 to $82.00 and set a “hold” rating on the stock in a research report on Friday, October 11th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.68.

Canadian Pacific Kansas City Price Performance

Shares of NYSE CP opened at $73.80 on Wednesday. Canadian Pacific Kansas City Limited has a fifty-two week low of $69.27 and a fifty-two week high of $91.58. The company has a 50 day simple moving average of $81.02 and a two-hundred day simple moving average of $80.58. The company has a market capitalization of $68.88 billion, a price-to-earnings ratio of 26.36, a P/E/G ratio of 2.20 and a beta of 0.98. 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 (NYSE:CP) (TSE:CP) last announced its quarterly earnings results on Wednesday, October 23rd. The transportation company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.01 by ($0.02). The firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. Canadian Pacific Kansas City’s revenue was up 6.3% on a year-over-year basis. During the same period last year, the business earned $0.69 EPS. Analysts expect that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Friday, December 27th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.76%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is 20.00%.

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.