Tybourne Capital Management HK Ltd. Purchases 52,900 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Tybourne Capital Management HK Ltd. grew its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 625,899 shares of the transportation company's stock after buying an additional 52,900 shares during the quarter. Canadian Pacific Kansas City accounts for about 11.4% of Tybourne Capital Management HK Ltd.'s investment portfolio, making the stock its biggest position. Tybourne Capital Management HK Ltd. owned 0.07% of Canadian Pacific Kansas City worth $45,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Investment Management LLC bought a new position in Canadian Pacific Kansas City in the 4th quarter worth about $33,000. Stonebridge Financial Group LLC bought a new position in Canadian Pacific Kansas City in the fourth quarter worth approximately $34,000. YANKCOM Partnership purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth $36,000. Millstone Evans Group LLC bought a new stake in Canadian Pacific Kansas City during the 4th quarter valued at $36,000. Finally, Curio Wealth LLC purchased a new stake in shares of Canadian Pacific Kansas City in the 4th quarter worth $39,000. 72.20% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Argus set a $90.00 price target on Canadian Pacific Kansas City in a research note on Wednesday, March 26th. Jefferies Financial Group cut their target price on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Benchmark reaffirmed a "hold" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Bank of America lifted their price objective on shares of Canadian Pacific Kansas City from $82.00 to $90.00 and gave the company a "buy" rating in a report on Friday, May 16th. Finally, Citigroup reduced their price objective on shares of Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Two investment 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $90.63.

Canadian Pacific Kansas City Stock Down 0.8%

Shares of CP traded down $0.66 during midday trading on Thursday, hitting $80.36. 2,535,569 shares of the company's stock traded hands, compared to its average volume of 2,813,573. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $87.72. The firm's fifty day moving average is $73.78 and its 200-day moving average is $75.24. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $74.77 billion, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 2.00 and a beta of 1.09.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, April 30th. The transportation company reported $0.74 EPS for the quarter, meeting analysts' consensus estimates of $0.74. The company had revenue of $2.66 billion during the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $0.93 earnings per share. As a group, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a $0.1644 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. This represents a $0.66 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 21.28%.

About Canadian Pacific Kansas City

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.