Canadian Pacific Kansas City Limited $CP Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC boosted its stake in Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 379.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 364,799 shares of the transportation company’s stock after acquiring an additional 288,662 shares during the period. Calamos Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $31,044,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Canadian Pacific Kansas City in the 2nd quarter valued at $802,983,000. The Manufacturers Life Insurance Company acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $657,672,000. Legal & General Group Plc acquired a new position in Canadian Pacific Kansas City in the second quarter valued at $604,797,000. Jupiter Topco LLC bought a new stake in Canadian Pacific Kansas City during the second quarter valued at $576,687,000. Finally, Canada Pension Plan Investment Board bought a new stake in Canadian Pacific Kansas City during the second quarter valued at $542,469,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE CP traded down $1.70 during mid-day trading on Friday, hitting $92.06. The company had a trading volume of 2,165,949 shares, compared to its average volume of 2,313,588. The company has a current ratio of 0.52, a quick ratio of 0.44 and a debt-to-equity ratio of 0.48. Canadian Pacific Kansas City Limited has a 1 year low of $68.50 and a 1 year high of $96.90. The company has a market capitalization of $80.05 billion, a price-to-earnings ratio of 29.51, a P/E/G ratio of 1.93 and a beta of 1.06. The stock’s 50-day moving average price is $88.52 and its 200-day moving average price is $86.43.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Wednesday, October 28th. The transportation company reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $0.94 by ($0.03). The firm had revenue of $2.96 billion during the quarter, compared to the consensus estimate of $2.96 billion. Canadian Pacific Kansas City had a net margin of 24.14% and a return on equity of 9.27%. Canadian Pacific Kansas City’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.10 earnings per share. On average, sell-side analysts forecast that Canadian Pacific Kansas City Limited will post 3.67 earnings per share for the current year.

Canadian Pacific Kansas City Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 25th. Investors of record on Thursday, December 31st will be given a C$0.27 dividend. The ex-dividend date is Thursday, December 31st. This represents a $1.07 dividend on an annualized basis and a yield of 1.2%. Canadian Pacific Kansas City’s payout ratio is presently 24.68%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CP shares. Zacks Research downgraded Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Barclays set a $104.00 target price on Canadian Pacific Kansas City and gave the stock an “overweight” rating in a research note on Thursday, October 29th. Weiss Ratings cut Canadian Pacific Kansas City from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. Citizens Jmp initiated coverage on shares of Canadian Pacific Kansas City in a research report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Susquehanna upped their price objective on shares of Canadian Pacific Kansas City from $98.00 to $105.00 and gave the company a “positive” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $112.58.

About Canadian Pacific Kansas City

Canadian Pacific Kansas City Limited (NYSE: CP), known as CPKC, operates a transcontinental freight railway. Its network connects Canada, the United States and Mexico, providing rail transportation and related logistics services for businesses across North America.

CPKC carries a range of goods, including grain and other agricultural products, intermodal freight, automotive shipments, energy products, chemicals, forest products and industrial materials. Its services include rail freight transportation, intermodal shipping and logistics solutions.

The company was formed in April 2023 through the combination of Canadian Pacific Railway and Kansas City Southern.