Calamos Advisors LLC Sells 1,012 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Calamos Advisors LLC decreased its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,659 shares of the transportation company’s stock after selling 1,012 shares during the period. Calamos Advisors LLC’s holdings in Canadian Pacific Kansas City were worth $1,080,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Stonebridge Capital Advisors LLC grew its position in Canadian Pacific Kansas City by 750.0% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company’s stock worth $25,000 after purchasing an additional 300 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Canadian Pacific Kansas City in the 3rd quarter worth approximately $29,000. Sands Capital Management LLC bought a new position in shares of Canadian Pacific Kansas City in the third quarter valued at approximately $31,000. AdvisorNet Financial Inc grew its holdings in shares of Canadian Pacific Kansas City by 452.1% in the third quarter. AdvisorNet Financial Inc now owns 519 shares of the transportation company’s stock valued at $39,000 after acquiring an additional 425 shares in the last quarter. Finally, Fortis Capital Advisors LLC purchased a new stake in shares of Canadian Pacific Kansas City during the first quarter valued at approximately $39,000. Institutional investors own 72.20% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on CP. Barclays boosted their price objective on Canadian Pacific Kansas City from $90.00 to $96.00 and gave the stock an “overweight” rating in a research report on Thursday, April 4th. Stifel Nicolaus increased their price target on shares of Canadian Pacific Kansas City from $80.00 to $83.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Benchmark restated a “hold” rating on shares of Canadian Pacific Kansas City in a report on Wednesday, April 10th. Scotiabank reiterated a “sector perform” rating on shares of Canadian Pacific Kansas City in a research note on Monday, March 25th. Finally, Susquehanna reduced their target price on shares of Canadian Pacific Kansas City from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, March 28th. Twelve investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $95.29.

Canadian Pacific Kansas City Stock Up 0.9 %

CP stock opened at $84.68 on Monday. The stock has a 50-day simple moving average of $87.10 and a two-hundred day simple moving average of $79.51. Canadian Pacific Kansas City Limited has a twelve month low of $68.92 and a twelve month high of $91.58. The firm has a market capitalization of $78.97 billion, a PE ratio of 26.97, a PEG ratio of 2.17 and a beta of 0.94. The company has a quick ratio of 0.46, a current ratio of 0.53 and a debt-to-equity ratio of 0.46.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last released its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. The company had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. On average, equities analysts predict that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 29th. Stockholders of record on Thursday, March 28th will be given a dividend of $0.1415 per share. This is a positive change from Canadian Pacific Kansas City’s previous quarterly dividend of $0.14. This represents a $0.57 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Wednesday, March 27th. Canadian Pacific Kansas City’s payout ratio is 17.83%.

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.