Canadian Pacific Kansas City Limited (NYSE:CP) Position Raised by Tybourne Capital Management HK Ltd.

Tybourne Capital Management HK Ltd. grew its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 625,899 shares of the transportation company’s stock after buying an additional 52,900 shares during the period. Canadian Pacific Kansas City comprises approximately 11.4% of Tybourne Capital Management HK Ltd.’s portfolio, making the stock its biggest holding. Tybourne Capital Management HK Ltd.’s holdings in Canadian Pacific Kansas City were worth $45,296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CP. Vanguard Group Inc. boosted its position in Canadian Pacific Kansas City by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 36,778,473 shares of the transportation company’s stock worth $2,662,978,000 after purchasing an additional 491,966 shares in the last quarter. Causeway Capital Management LLC lifted its position in shares of Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock valued at $1,116,632,000 after buying an additional 6,687,770 shares in the last quarter. Norges Bank acquired a new stake in Canadian Pacific Kansas City in the 4th quarter valued at $914,090,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Canadian Pacific Kansas City by 11.3% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company’s stock worth $899,805,000 after acquiring an additional 1,262,913 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Canadian Pacific Kansas City by 2.9% during the fourth quarter. The Manufacturers Life Insurance Company now owns 11,707,319 shares of the transportation company’s stock worth $848,794,000 after acquiring an additional 334,844 shares during the period. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Bank of America lifted their target price on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a “buy” rating in a research report on Friday. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday, February 3rd. Susquehanna increased their target price on Canadian Pacific Kansas City from $88.00 to $90.00 and gave the company a “positive” rating in a report on Thursday, May 1st. Stifel Nicolaus decreased their target price on Canadian Pacific Kansas City from $85.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Finally, Stephens boosted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and an average target price of $90.63.

Canadian Pacific Kansas City Stock Up 0.1%

NYSE CP opened at $81.59 on Monday. The business’s fifty day simple moving average is $73.33 and its 200-day simple moving average is $75.12. 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 firm has a market cap of $75.92 billion, a PE ratio of 28.14, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $87.72.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.74. The firm had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. Canadian Pacific Kansas City’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business earned $0.93 earnings per share. As a group, equities analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a dividend of $0.1644 per share. This represents a $0.66 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Friday, June 27th. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. Canadian Pacific Kansas City’s payout ratio is presently 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.