Calamos Advisors LLC Raises Position in Canadian Pacific Kansas City Limited (NYSE:CP)

Calamos Advisors LLC lifted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 2,497.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 321,430 shares of the transportation company’s stock after purchasing an additional 309,055 shares during the quarter. Calamos Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $23,262,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Millennium Management LLC boosted its stake in shares of Canadian Pacific Kansas City by 2,685.7% during the second quarter. Millennium Management LLC now owns 111,427 shares of the transportation company’s stock valued at $8,773,000 after purchasing an additional 107,427 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Canadian Pacific Kansas City by 9.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 10,275 shares of the transportation company’s stock valued at $809,000 after buying an additional 919 shares during the period. Sanctuary Advisors LLC bought a new position in Canadian Pacific Kansas City in the 2nd quarter worth about $3,267,000. GAMMA Investing LLC increased its position in shares of Canadian Pacific Kansas City by 8.7% during the third quarter. GAMMA Investing LLC now owns 2,434 shares of the transportation company’s stock worth $208,000 after acquiring an additional 195 shares during the period. Finally, Value Partners Investments Inc. raised its stake in shares of Canadian Pacific Kansas City by 0.4% during the third quarter. Value Partners Investments Inc. now owns 355,835 shares of the transportation company’s stock valued at $30,438,000 after acquiring an additional 1,336 shares in the last quarter. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CP. Loop Capital cut Canadian Pacific Kansas City from a “buy” rating to a “sell” rating in a report on Monday. Wolfe Research raised shares of Canadian Pacific Kansas City from a “peer perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research report on Wednesday, January 8th. Bank of America cut their price objective 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. Benchmark reaffirmed a “hold” rating on shares of Canadian Pacific Kansas City in a research report on Thursday, January 30th. Finally, Stephens upped their price objective on Canadian Pacific Kansas City from $88.00 to $92.00 and gave the stock an “overweight” rating in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus price target of $95.45.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP opened at $74.81 on Tuesday. The company has a market capitalization of $69.84 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. Canadian Pacific Kansas City Limited has a 1 year low of $70.89 and a 1 year high of $91.58. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. The company’s fifty day moving average price is $75.40 and its 200 day moving average price is $78.95.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.26. Canadian Pacific Kansas City had a return on equity of 8.86% and a net margin of 25.51%. On average, research analysts predict that Canadian Pacific Kansas City Limited will post 3.39 earnings per share for the current year.

Canadian Pacific Kansas City Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be issued a dividend of $0.1318 per share. The ex-dividend date is Friday, March 28th. This represents a $0.53 annualized dividend and a dividend yield of 0.70%. Canadian Pacific Kansas City’s dividend payout ratio is presently 17.93%.

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.