Calamos Wealth Management LLC Makes New $4.33 Million Investment in Canadian Pacific Kansas City Limited $CP

Calamos Wealth Management LLC bought a new position in shares of Canadian Pacific Kansas City Limited (NYSE:CP) (TSE:CP) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,914 shares of the transportation company’s stock, valued at approximately $4,333,000.

A number of other large investors have also recently added to or reduced their stakes in CP. Fiduciary Financial Advisors acquired a new position in shares of Canadian Pacific Kansas City during the 2nd quarter worth about $25,000. Next Level Wealth Planning LLC acquired a new stake in Canadian Pacific Kansas City in the 3rd quarter valued at about $26,000. Provenance Wealth Advisors LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth about $26,000. Balance Wealth Partners LLC bought a new position in Canadian Pacific Kansas City during the third quarter worth about $39,000. Finally, Jones Financial Companies Lllp acquired a new position in Canadian Pacific Kansas City during the second quarter worth approximately $44,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CP. Wall Street Zen raised Canadian Pacific Kansas City from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Weiss Ratings cut Canadian Pacific Kansas City from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 29th. Citizens Jmp initiated coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Evercore reaffirmed an “outperform” rating and set a $96.00 price objective on shares of Canadian Pacific Kansas City in a research report on Thursday, October 29th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Canadian Pacific Kansas City in a report on Thursday, September 24th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $112.58.

Canadian Pacific Kansas City Stock Performance

Canadian Pacific Kansas City stock traded down $1.70 during trading hours 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 firm has a market cap of $80.05 billion, a PE ratio of 29.51, a PEG ratio of 1.93 and a beta of 1.06. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.52 and a quick ratio of 0.44. Canadian Pacific Kansas City Limited has a one year low of $68.50 and a one year high of $96.90. The firm has a 50-day moving average of $88.52 and a 200 day moving average of $86.43.

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

Canadian Pacific Kansas City Announces Dividend

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

Canadian Pacific Kansas City Profile

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.