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

Tybourne Capital Management HK Ltd. trimmed its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 12.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 572,999 shares of the transportation company's stock after selling 85,000 shares during the quarter. Canadian Pacific Kansas City comprises 13.7% of Tybourne Capital Management HK Ltd.'s holdings, making the stock its 2nd largest position. Tybourne Capital Management HK Ltd. owned approximately 0.06% of Canadian Pacific Kansas City worth $49,014,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CP. Grove Bank & Trust grew its position in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares during the period. Addison Advisors LLC raised its position in Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after acquiring an additional 279 shares in the last quarter. LRI Investments LLC acquired a new position in Canadian Pacific Kansas City in the first quarter valued at approximately $35,000. Chris Bulman Inc purchased a new stake in Canadian Pacific Kansas City in the 2nd quarter worth approximately $35,000. Finally, Asset Dedication LLC purchased a new stake in Canadian Pacific Kansas City in the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Upgrades and Downgrades

CP has been the topic of a number of analyst reports. 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. Bank of America lowered their price target 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. Stephens cut their price objective on Canadian Pacific Kansas City from $85.00 to $81.00 and set an "equal weight" rating for the company in a research report on Monday, October 28th. Sanford C. Bernstein reduced their target price on Canadian Pacific Kansas City from $91.98 to $91.25 and set a "market perform" rating for the company in a research note on Wednesday, October 9th. Finally, Citigroup dropped their price target on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a "buy" rating on the stock in a research note on Tuesday, November 12th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $94.88.

Canadian Pacific Kansas City Price Performance

CP traded up $0.96 during trading on Thursday, reaching $75.35. The company's stock had a trading volume of 2,796,960 shares, compared to its average volume of 2,262,514. Canadian Pacific Kansas City Limited has a 1 year low of $69.66 and a 1 year high of $91.58. 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 company has a market cap of $70.33 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.28 and a beta of 0.98. The firm has a fifty day simple moving average of $79.68 and a two-hundred day simple moving average of $80.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its 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). The company had revenue of $3.55 billion during the quarter, compared to analysts' expectations of $3.59 billion. Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The firm's quarterly revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.69 earnings per share. As a group, analysts anticipate that Canadian Pacific Kansas City Limited will post 3.06 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Friday, December 27th will be paid a $0.14 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Friday, December 27th. This represents a $0.56 annualized dividend and a dividend yield of 0.74%. Canadian Pacific Kansas City's dividend payout ratio is 20.00%.

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.