Franklin Resources Inc. decreased its position in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 5.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,746,221 shares of the transportation company's stock after selling 350,120 shares during the period. Franklin Resources Inc. owned approximately 0.62% of Canadian Pacific Kansas City worth $415,798,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the fourth quarter worth about $33,000. FSA Wealth Management LLC acquired a new position in Canadian Pacific Kansas City in the 3rd quarter worth approximately $34,000. Stonebridge Financial Group LLC purchased a new position in Canadian Pacific Kansas City during the 4th quarter worth approximately $34,000. YANKCOM Partnership acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Finally, Millstone Evans Group LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 72.20% of the company's stock.
Canadian Pacific Kansas City Price Performance
CP traded down $0.22 during midday trading on Friday, hitting $70.26. 6,834,637 shares of the company traded hands, compared to its average volume of 2,594,950. The business has a 50 day simple moving average of $75.73 and a two-hundred day simple moving average of $76.94. Canadian Pacific Kansas City Limited has a 52-week low of $68.00 and a 52-week high of $89.26. The company has a market capitalization of $65.60 billion, a price-to-earnings ratio of 24.23, a PEG ratio of 2.00 and a beta of 1.01. The company has a current ratio of 0.53, a quick ratio of 0.46 and a debt-to-equity ratio of 0.42.
Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings results on Wednesday, January 29th. The transportation company reported $0.92 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.26. Canadian Pacific Kansas City had a net margin of 25.51% and a return on equity of 8.86%. On average, equities analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.
Canadian Pacific Kansas City Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Friday, March 28th will be given a dividend of $0.1318 per share. This represents a $0.53 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's payout ratio is 17.93%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on CP. Stifel Nicolaus reduced their target price on shares of Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a report on Thursday, January 16th. Citigroup lifted their price objective on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the company a "buy" rating in a research note on Thursday, January 30th. Barclays decreased their price objective on Canadian Pacific Kansas City from $91.00 to $87.00 and set an "overweight" rating for the company in a report on Wednesday. Susquehanna reduced their price target on Canadian Pacific Kansas City from $90.00 to $88.00 and set a "positive" rating for the company in a research report on Thursday, March 27th. Finally, Stephens boosted their price target on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the company an "overweight" rating in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, Canadian Pacific Kansas City currently has a consensus rating of "Moderate Buy" and an average target price of $94.68.
Check Out Our Latest Research Report on Canadian Pacific Kansas City
Canadian Pacific Kansas City Profile
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Free Report)
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.
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