Franklin Resources Inc. Purchases 537,418 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Franklin Resources Inc. boosted its holdings in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 9.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,096,341 shares of the transportation company's stock after purchasing an additional 537,418 shares during the period. Franklin Resources Inc. owned about 0.65% of Canadian Pacific Kansas City worth $501,219,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Grove Bank & Trust increased its position in Canadian Pacific Kansas City by 56.0% during the 3rd quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock worth $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC grew its stake in shares of Canadian Pacific Kansas City by 246.9% during the third quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock worth $34,000 after buying an additional 279 shares during the last quarter. FSA Wealth Management LLC acquired a new position in shares of Canadian Pacific Kansas City during the third quarter worth $34,000. Chris Bulman Inc bought a new position in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $35,000. Finally, Asset Dedication LLC acquired a new stake in shares of Canadian Pacific Kansas City during the 3rd quarter valued at $38,000. Institutional investors and hedge funds own 72.20% of the company's stock.

Analyst Ratings Changes

CP has been the subject of a number of recent research reports. Sanford C. Bernstein lowered 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 report on Wednesday, October 9th. Evercore ISI upped their price objective on Canadian Pacific Kansas City from $89.00 to $91.00 and gave the company an "outperform" rating in a research note on Wednesday, September 25th. Citigroup cut their target price 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. Barclays 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 report on Wednesday, September 25th. Finally, Bank of America cut their price target on shares of 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. One equities research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $94.88.

Canadian Pacific Kansas City Stock Down 0.4 %

Shares of CP traded down $0.29 during trading hours on Friday, hitting $74.37. The stock had a trading volume of 2,985,968 shares, compared to its average volume of 2,284,968. The firm has a 50 day simple moving average of $77.48 and a 200-day simple moving average of $79.87. Canadian Pacific Kansas City Limited has a 1-year low of $72.29 and a 1-year high of $91.58. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a market capitalization of $69.42 billion, a P/E ratio of 26.57, a price-to-earnings-growth ratio of 2.26 and a beta of 0.96.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings data on Wednesday, October 23rd. The transportation company reported $0.99 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The company's revenue was up 6.3% compared to the same quarter last year. Sell-side analysts predict that Canadian Pacific Kansas City Limited will post 3.05 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Friday, December 27th will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.75%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. The ex-dividend date is Friday, December 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.00%.

Canadian Pacific Kansas City Company 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.