Calamos Advisors LLC Buys 309,055 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Calamos Advisors LLC boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2,497.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 321,430 shares of the transportation company's stock after buying an additional 309,055 shares during the period. Calamos Advisors LLC's holdings in Canadian Pacific Kansas City were worth $23,262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jennison Associates LLC lifted its stake in Canadian Pacific Kansas City by 341.2% during the fourth quarter. Jennison Associates LLC now owns 148,233 shares of the transportation company's stock valued at $10,728,000 after purchasing an additional 114,633 shares during the last quarter. Oak Family Advisors LLC acquired a new stake in Canadian Pacific Kansas City during the 4th quarter worth about $262,000. Golden State Equity Partners increased its stake in Canadian Pacific Kansas City by 19,739.1% in the 4th quarter. Golden State Equity Partners now owns 4,563 shares of the transportation company's stock valued at $330,000 after buying an additional 4,540 shares during the period. Spire Wealth Management purchased a new position in shares of Canadian Pacific Kansas City during the 4th quarter valued at $44,000. Finally, Capital Insight Partners LLC increased its stake in shares of Canadian Pacific Kansas City by 7.7% in the fourth quarter. Capital Insight Partners LLC now owns 40,557 shares of the transportation company's stock worth $2,935,000 after acquiring an additional 2,899 shares during the last quarter. 72.20% of the stock is currently owned by institutional investors and hedge funds.

Canadian Pacific Kansas City Trading Down 1.5 %

NYSE:CP traded down $1.20 during trading hours on Friday, hitting $77.17. 2,391,141 shares of the stock were exchanged, compared to its average volume of 3,493,822. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.42. Canadian Pacific Kansas City Limited has a twelve month low of $70.89 and a twelve month high of $91.58. The company has a market capitalization of $72.04 billion, a P/E ratio of 26.61, a price-to-earnings-growth ratio of 2.06 and a beta of 0.97. The company's 50 day moving average is $75.53 and its two-hundred day moving average is $78.84.

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 EPS for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Canadian Pacific Kansas City Limited will post 3.39 earnings per share for the current fiscal 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 paid a $0.1318 dividend. This represents a $0.53 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is currently 18.62%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stephens raised their target price 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. Wolfe Research upgraded shares of Canadian Pacific Kansas City from a "peer perform" rating to an "outperform" rating and set a $86.00 target price for the company in a research note on Wednesday, January 8th. Stifel Nicolaus cut their target price on Canadian Pacific Kansas City from $82.00 to $76.00 and set a "hold" rating for the company in a research note on Thursday, January 16th. Royal Bank of Canada boosted their price target on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a report on Thursday, January 30th. Finally, Wells Fargo & Company dropped their price target on shares of Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating for the company in a research report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $95.45.

About Canadian Pacific Kansas City

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.