Calamos Wealth Management LLC raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 1,583.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 152,196 shares of the transportation company's stock after buying an additional 143,155 shares during the quarter. Calamos Wealth Management LLC's holdings in Canadian Pacific Kansas City were worth $11,014,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of CP. Grove Bank & Trust grew its stake in Canadian Pacific Kansas City by 56.0% in the third quarter. Grove Bank & Trust now owns 362 shares of the transportation company's stock valued at $31,000 after purchasing an additional 130 shares in the last quarter. Addison Advisors LLC boosted its holdings in Canadian Pacific Kansas City by 246.9% in the 3rd quarter. Addison Advisors LLC now owns 392 shares of the transportation company's stock valued at $34,000 after purchasing an additional 279 shares during the period. FSA Wealth Management LLC bought a new position in Canadian Pacific Kansas City during the third quarter valued at about $34,000. Asset Dedication LLC acquired a new position in shares of Canadian Pacific Kansas City in the third quarter valued at $38,000. Finally, Kennebec Savings Bank bought a new position in shares of Canadian Pacific Kansas City during the 3rd quarter worth about $42,000. Institutional investors and hedge funds own 72.20% of the company's stock.
CP has been the subject of a number of research reports. Bank of America lowered their target price on Canadian Pacific Kansas City from $94.00 to $91.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Barclays reduced their target price on Canadian Pacific Kansas City from $97.00 to $91.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. StockNews.com downgraded Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Wednesday, December 25th. Royal Bank of Canada boosted their price objective on shares of Canadian Pacific Kansas City from $124.00 to $128.00 and gave the stock an "outperform" rating in a research report on Thursday, January 30th. Finally, Loop Capital cut shares of Canadian Pacific Kansas City from a "buy" rating to a "sell" rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $95.45.
View Our Latest Stock Report on Canadian Pacific Kansas City
NYSE:CP opened at $74.81 on Tuesday. The firm has a market cap of $69.84 billion, a price-to-earnings ratio of 25.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.46 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 52 week low of $70.89 and a 52 week high of $91.58. The firm has a 50-day moving average price of $75.40 and a two-hundred day moving average price of $78.95.
Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last announced its quarterly earnings results 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 net margin of 25.51% and a return on equity of 8.86%. On average, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.39 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Friday, March 28th will be paid a $0.1318 dividend. This represents a $0.53 annualized dividend and a yield of 0.70%. The ex-dividend date is Friday, March 28th. Canadian Pacific Kansas City's dividend payout ratio is presently 17.93%.
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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