Canadian Pacific Kansas City Limited (NYSE:CP) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 9.7% during the third quarter, Holdings Channel.com reports. The institutional investor owned 6,096,341 shares of the transportation company’s stock after buying an additional 537,418 shares during the period. Franklin Resources Inc.’s holdings in Canadian Pacific Kansas City were worth $501,219,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Peapack Gladstone Financial Corp raised its position in Canadian Pacific Kansas City by 1.2% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 35,559 shares of the transportation company’s stock valued at $3,042,000 after purchasing an additional 405 shares in the last quarter. Synovus Financial Corp grew its position in shares of Canadian Pacific Kansas City by 3.5% during the third quarter. Synovus Financial Corp now owns 52,089 shares of the transportation company’s stock worth $4,456,000 after buying an additional 1,764 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Canadian Pacific Kansas City during the third quarter worth approximately $1,998,000. Sfmg LLC acquired a new stake in Canadian Pacific Kansas City in the third quarter valued at approximately $202,000. Finally, SkyView Investment Advisors LLC lifted its stake in Canadian Pacific Kansas City by 4.4% in the third quarter. SkyView Investment Advisors LLC now owns 75,569 shares of the transportation company’s stock worth $6,464,000 after acquiring an additional 3,197 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at $74.39 on Friday. The firm’s fifty day simple moving average is $77.48 and its 200-day simple moving average is $79.87. Canadian Pacific Kansas City Limited has a 12 month low of $72.29 and a 12 month high of $91.58. The stock has a market capitalization of $69.44 billion, a price-to-earnings ratio of 26.57, a PEG ratio of 2.26 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $1.01 by ($0.02). Canadian Pacific Kansas City had a net margin of 24.50% and a return on equity of 8.78%. The business had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.05 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, January 27th. Shareholders of record on Friday, December 27th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 0.75%. 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. Canadian Pacific Kansas City’s dividend payout ratio (DPR) is presently 20.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CP shares. Citigroup dropped their price objective on shares of Canadian Pacific Kansas City from $98.00 to $91.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. StockNews.com lowered Canadian Pacific Kansas City from a “hold” rating to a “sell” rating in a report on Monday, December 9th. Susquehanna raised Canadian Pacific Kansas City from a “neutral” rating to a “positive” rating and decreased their price target for the stock from $94.00 to $92.00 in a report on Thursday, October 24th. Bank of America dropped their price objective on Canadian Pacific Kansas City from $94.00 to $91.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Finally, Sanford C. Bernstein decreased 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. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus target price of $94.88.

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.