Franklin Resources Inc. Has $921.88 Million Position in Canadian Pacific Kansas City Limited $CP

Franklin Resources Inc. lifted its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 31.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,611,625 shares of the transportation company’s stock after purchasing an additional 2,765,424 shares during the quarter. Franklin Resources Inc.’s holdings in Canadian Pacific Kansas City were worth $921,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cheviot Value Management LLC acquired a new stake in Canadian Pacific Kansas City in the first quarter valued at approximately $30,000. Acadian Asset Management LLC bought a new position in shares of Canadian Pacific Kansas City in the 1st quarter valued at $35,000. Chilton Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $49,000. WPG Advisers LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 1st quarter valued at $50,000. Finally, LRI Investments LLC grew its position in Canadian Pacific Kansas City by 42.1% during the 2nd quarter. LRI Investments LLC now owns 719 shares of the transportation company’s stock worth $57,000 after acquiring an additional 213 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. National Bankshares reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. National Bank Financial raised shares of Canadian Pacific Kansas City from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Canadian Pacific Kansas City in a research note on Thursday, October 30th. Jefferies Financial Group set a $90.00 price objective on Canadian Pacific Kansas City in a report on Thursday, October 30th. Finally, Evercore ISI cut their target price on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating on the stock in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of “Moderate Buy” and a consensus price target of $91.69.

Canadian Pacific Kansas City Trading Down 0.6%

CP opened at $68.90 on Friday. Canadian Pacific Kansas City Limited has a twelve month low of $66.49 and a twelve month high of $83.65. The company has a fifty day moving average of $73.95 and a 200-day moving average of $76.67. The stock has a market cap of $61.82 billion, a PE ratio of 21.01, a price-to-earnings-growth ratio of 1.62 and a beta of 1.08. The company has a quick ratio of 0.54, a current ratio of 0.63 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last issued its quarterly earnings results on Wednesday, October 29th. The transportation company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.71 billion. Canadian Pacific Kansas City had a net margin of 28.41% and a return on equity of 8.79%. During the same period last year, the company posted $0.99 EPS. On average, sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Wednesday, December 31st will be paid a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 1.3%. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Wednesday, December 31st. Canadian Pacific Kansas City’s payout ratio is presently 20.12%.

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.