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

Franklin Resources Inc. boosted its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 31.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,611,625 shares of the transportation company’s stock after acquiring an additional 2,765,424 shares during the period. Franklin Resources Inc. owned 1.27% of Canadian Pacific Kansas City worth $921,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CP. Mediolanum International Funds Ltd raised its position in shares of Canadian Pacific Kansas City by 10.4% in the second quarter. Mediolanum International Funds Ltd now owns 6,745 shares of the transportation company’s stock valued at $530,000 after purchasing an additional 635 shares during the period. Legal & General Group Plc lifted its position in Canadian Pacific Kansas City by 0.6% during the second quarter. Legal & General Group Plc now owns 6,780,366 shares of the transportation company’s stock worth $537,590,000 after acquiring an additional 43,599 shares during the last quarter. MAI Capital Management boosted its holdings in shares of Canadian Pacific Kansas City by 7.6% during the second quarter. MAI Capital Management now owns 7,366 shares of the transportation company’s stock worth $584,000 after acquiring an additional 518 shares during the period. JPMorgan Chase & Co. grew its position in shares of Canadian Pacific Kansas City by 87.2% in the second quarter. JPMorgan Chase & Co. now owns 16,000,064 shares of the transportation company’s stock valued at $1,268,325,000 after purchasing an additional 7,454,810 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of Canadian Pacific Kansas City by 6.4% during the second quarter. Swiss National Bank now owns 2,826,993 shares of the transportation company’s stock worth $223,719,000 after purchasing an additional 170,800 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Stock Down 0.6%

Shares of NYSE CP opened at $68.90 on Friday. The stock has a market capitalization of $61.82 billion, a P/E ratio of 21.01, a PEG ratio of 1.62 and a beta of 1.08. The stock’s fifty day moving average is $73.95 and its 200 day moving average is $76.67. Canadian Pacific Kansas City Limited has a 52 week low of $66.49 and a 52 week high of $83.65. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.54 and a current ratio of 0.63.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last announced its quarterly earnings data on Wednesday, October 29th. The transportation company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.79% and a net margin of 28.41%.The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.71 billion. During the same quarter in the previous year, the company earned $0.99 earnings per share. Sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

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

Analyst Ratings Changes

Several analysts recently issued reports on the company. Evercore ISI reduced their price target on Canadian Pacific Kansas City from $88.00 to $87.00 and set an “outperform” rating for the company in a research note on Thursday, October 30th. National Bankshares reissued an “outperform” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. Stephens upped their price target on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Royal Bank Of Canada lowered their price target on shares of Canadian Pacific Kansas City from $129.00 to $127.00 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $91.69.

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.