Canadian Pacific Kansas City Limited (NYSE:CP) Shares Bought by Calamos Wealth Management LLC

Calamos Wealth Management LLC grew its stake in Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1,583.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 152,196 shares of the transportation company's stock after purchasing an additional 143,155 shares during the quarter. Calamos Wealth Management LLC's holdings in Canadian Pacific Kansas City were worth $11,014,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in Canadian Pacific Kansas City by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,768,362 shares of the transportation company's stock worth $750,046,000 after purchasing an additional 381,594 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Canadian Pacific Kansas City by 9.7% in the third quarter. Franklin Resources Inc. now owns 6,096,341 shares of the transportation company's stock worth $501,219,000 after buying an additional 537,418 shares in the last quarter. Fiera Capital Corp boosted its position in Canadian Pacific Kansas City by 1.9% during the third quarter. Fiera Capital Corp now owns 5,814,277 shares of the transportation company's stock worth $497,918,000 after acquiring an additional 107,183 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its stake in Canadian Pacific Kansas City by 1.7% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 5,094,113 shares of the transportation company's stock valued at $368,661,000 after acquiring an additional 85,542 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Canadian Pacific Kansas City by 7.8% in the 3rd quarter. Geode Capital Management LLC now owns 4,332,357 shares of the transportation company's stock valued at $373,540,000 after acquiring an additional 313,298 shares during the last quarter. Hedge funds and other institutional investors own 72.20% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CP shares. Royal Bank of Canada upped their price target on Canadian Pacific Kansas City from $124.00 to $128.00 and gave the company an "outperform" rating in a research report on Thursday, January 30th. Bank of America dropped their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a report on Thursday, October 24th. Citigroup lifted their price target on Canadian Pacific Kansas City from $88.00 to $91.00 and gave the stock a "buy" rating in a report on Thursday, January 30th. Wells Fargo & Company decreased their price objective on Canadian Pacific Kansas City from $92.00 to $90.00 and set an "overweight" rating on the stock in a report on Tuesday, January 7th. Finally, StockNews.com lowered Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research report on Wednesday, December 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average target price of $95.45.

Canadian Pacific Kansas City Price Performance

NYSE:CP traded down $1.20 during trading hours on Friday, reaching $77.17. 2,391,141 shares of the company traded hands, compared to its average volume of 3,493,822. 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's 50-day moving average is $75.53 and its 200-day moving average is $78.84. The stock has a market cap of $72.04 billion, a P/E ratio of 26.61, a P/E/G ratio of 2.06 and a beta of 0.97. Canadian Pacific Kansas City Limited has a 1-year low of $70.89 and a 1-year high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its quarterly earnings data on Wednesday, January 29th. The transportation company reported $0.92 EPS for the quarter, beating analysts' consensus estimates 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%. Equities research analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Friday, March 28th will be given 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 is presently 18.62%.

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.