Franklin Resources Inc. Has $149.45 Million Stake in Canadian Pacific Kansas City Limited (NYSE:CP)

Franklin Resources Inc. reduced its holdings in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 48.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,889,970 shares of the transportation company’s stock after selling 1,747,491 shares during the period. Franklin Resources Inc.’s holdings in Canadian Pacific Kansas City were worth $149,449,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CP. Assetmark Inc. increased its stake in shares of Canadian Pacific Kansas City by 16.4% in the 4th quarter. Assetmark Inc. now owns 23,761 shares of the transportation company’s stock valued at $1,879,000 after acquiring an additional 3,341 shares during the last quarter. Corient Private Wealth LLC increased its stake in Canadian Pacific Kansas City by 16.8% in the fourth quarter. Corient Private Wealth LLC now owns 692,901 shares of the transportation company’s stock valued at $54,781,000 after purchasing an additional 99,686 shares in the last quarter. D.A. Davidson & CO. raised its holdings in Canadian Pacific Kansas City by 7.2% in the fourth quarter. D.A. Davidson & CO. now owns 34,147 shares of the transportation company’s stock worth $2,700,000 after purchasing an additional 2,306 shares during the period. Clearbridge Investments LLC boosted its position in shares of Canadian Pacific Kansas City by 36.3% during the fourth quarter. Clearbridge Investments LLC now owns 7,581,167 shares of the transportation company’s stock worth $599,367,000 after purchasing an additional 2,018,375 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in shares of Canadian Pacific Kansas City by 0.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,922,848 shares of the transportation company’s stock valued at $151,687,000 after buying an additional 12,723 shares during the period. 72.20% of the stock is owned by institutional investors.

Canadian Pacific Kansas City Price Performance

Shares of CP opened at $80.29 on Thursday. The company’s fifty day simple moving average is $84.82 and its 200 day simple moving average is $81.05. Canadian Pacific Kansas City Limited has a 1-year low of $68.92 and a 1-year high of $91.58. The company has a market cap of $74.89 billion, a price-to-earnings ratio of 25.73, a PEG ratio of 2.31 and a beta of 0.96. The company has a current ratio of 0.49, a quick ratio of 0.43 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, April 24th. The transportation company reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.70 by ($0.01). Canadian Pacific Kansas City had a return on equity of 8.48% and a net margin of 28.27%. The company had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.59 billion. On average, research analysts forecast that Canadian Pacific Kansas City Limited will post 3.14 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 29th. Shareholders of record on Friday, June 28th will be issued a $0.141 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date is Friday, June 28th. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.95%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore ISI reduced their target price on Canadian Pacific Kansas City from $90.00 to $89.00 and set an “outperform” rating on the stock in a report on Thursday, April 25th. Raymond James lifted their price objective on Canadian Pacific Kansas City from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Susquehanna lowered their target price on Canadian Pacific Kansas City from $84.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, April 25th. Scotiabank reaffirmed a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, StockNews.com upgraded shares of Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Twelve analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $96.67.

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.