Malaga Cove Capital LLC Has $634,000 Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Malaga Cove Capital LLC raised its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 8,763 shares of the transportation company’s stock after buying an additional 539 shares during the quarter. Malaga Cove Capital LLC’s holdings in Canadian Pacific Kansas City were worth $634,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Canadian Pacific Kansas City by 1.4% in 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 during the period. Causeway Capital Management LLC grew its stake in Canadian Pacific Kansas City by 76.5% during the fourth quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company’s stock worth $1,116,632,000 after buying an additional 6,687,770 shares in the last quarter. Norges Bank bought a new position in Canadian Pacific Kansas City in the 4th quarter valued at about $914,090,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of 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 valued at $899,805,000 after buying an additional 1,262,913 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Canadian Pacific Kansas City by 2.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 11,707,319 shares of the transportation company’s stock valued at $848,794,000 after buying an additional 334,844 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $78.60 on Wednesday. The stock has a market cap of $73.13 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 2.00 and a beta of 1.09. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $87.72. The company’s fifty day moving average is $72.94 and its 200 day moving average is $75.06. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42.

Canadian Pacific Kansas City (NYSE:CP) (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. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the company posted $0.93 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 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, July 28th. Shareholders of record on Friday, June 27th will be issued a dividend of $0.1644 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Friday, June 27th. This represents a $0.66 annualized dividend and a yield of 0.84%. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 21.28%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Canadian Pacific Kansas City from $100.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Scotiabank reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, May 1st. Royal Bank of Canada dropped their target price on shares of Canadian Pacific Kansas City from $122.00 to $121.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Stephens lifted their price target on shares of Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Finally, Barclays lowered their price objective on shares of Canadian Pacific Kansas City from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned 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 a consensus price target of $90.71.

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.