Malaga Cove Capital LLC Makes New Investment in Canadian Pacific Kansas City Limited (NYSE:CP)

Malaga Cove Capital LLC purchased a new stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,468 shares of the transportation company’s stock, valued at approximately $353,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sands Capital Management LLC bought a new position in Canadian Pacific Kansas City during the 3rd quarter worth approximately $31,000. Anchor Investment Management LLC bought a new position in Canadian Pacific Kansas City during the fourth quarter worth $40,000. Independence Bank of Kentucky acquired a new position in Canadian Pacific Kansas City in the fourth quarter valued at $43,000. McGlone Suttner Wealth Management Inc. bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at $45,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $70,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CP. Barclays upped their target price on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an “overweight” rating in a research report on Thursday, April 4th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Benchmark reiterated a “hold” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, April 25th. StockNews.com raised shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a research note on Wednesday, January 31st. Finally, Susquehanna decreased their price target on shares of Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Twelve investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $96.42.

Canadian Pacific Kansas City Stock Up 0.2 %

Canadian Pacific Kansas City stock traded up $0.17 during midday trading on Friday, hitting $79.73. 2,008,908 shares of the stock were exchanged, compared to its average volume of 2,302,688. The company has a quick ratio of 0.43, a current ratio of 0.49 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $74.36 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 52-week low of $68.92 and a 52-week high of $91.58. The business’s 50-day moving average price is $86.39 and its 200-day moving average price is $80.03.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its earnings results on Wednesday, April 24th. The transportation company reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.01). The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.59 billion. Canadian Pacific Kansas City had a net margin of 28.27% and a return on equity of 8.48%. On average, research analysts expect that Canadian Pacific Kansas City Limited will post 3.15 EPS for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.141 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s payout ratio is 17.95%.

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.