50,914 Shares of Canadian Pacific Kansas City Limited $CP Purchased by Calamos Wealth Management LLC

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

Several other institutional investors have also modified their holdings of the business. Calamos Advisors LLC lifted its stake in Canadian Pacific Kansas City by 379.1% in the third quarter. Calamos Advisors LLC now owns 364,799 shares of the transportation company’s stock valued at $31,044,000 after buying an additional 288,662 shares in the last quarter. Argonautica Private Wealth Management Inc. increased its position in shares of Canadian Pacific Kansas City by 4.9% during the third quarter. Argonautica Private Wealth Management Inc. now owns 10,397 shares of the transportation company’s stock worth $885,000 after acquiring an additional 487 shares in the last quarter. Kestra Advisory Services LLC increased its position in shares of Canadian Pacific Kansas City by 8.0% during the third quarter. Kestra Advisory Services LLC now owns 42,896 shares of the transportation company’s stock worth $3,650,000 after acquiring an additional 3,183 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Canadian Pacific Kansas City by 3.0% during the third quarter. Commonwealth Equity Services LLC now owns 33,687 shares of the transportation company’s stock worth $2,867,000 after acquiring an additional 975 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Canadian Pacific Kansas City during the third quarter worth $104,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CP. Zacks Research lowered shares of Canadian Pacific Kansas City from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Evercore reissued an “outperform” rating and issued a $96.00 price target on shares of Canadian Pacific Kansas City in a research note on Thursday, October 29th. Weiss Ratings lowered Canadian Pacific Kansas City from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, October 29th. Citizens Jmp started coverage on Canadian Pacific Kansas City in a report on Wednesday, July 15th. They set a “market perform” rating for the company. Finally, Stephens dropped their target price on Canadian Pacific Kansas City from $96.00 to $93.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of “Moderate Buy” and an average price target of $112.58.

Canadian Pacific Kansas City Stock Down 1.8%

NYSE:CP traded down $1.70 on Friday, hitting $92.06. 2,165,949 shares of the company’s stock were exchanged, compared to its average volume of 2,313,588. The firm has a 50-day moving average price of $88.52 and a 200-day moving average price of $86.43. 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 52 week low of $68.50 and a 52 week high of $96.90. The company has a market cap of $80.05 billion, a P/E ratio of 29.51, a price-to-earnings-growth ratio of 1.93 and a beta of 1.06.

Canadian Pacific Kansas City (NYSE:CP) (TSE:CP) last posted 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 business had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.96 billion. Canadian Pacific Kansas City had a return on equity of 9.27% and a net margin of 24.14%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 earnings per share. As a group, analysts expect that Canadian Pacific Kansas City Limited will post 3.67 EPS for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

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

Canadian Pacific Kansas City Company 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.