Calamos Advisors LLC Purchases 39,017 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Calamos Advisors LLC raised its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 12.1% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 360,447 shares of the transportation company's stock after acquiring an additional 39,017 shares during the quarter. Calamos Advisors LLC's holdings in Canadian Pacific Kansas City were worth $25,307,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Canadian Pacific Kansas City during the fourth quarter valued at approximately $914,090,000. Causeway Capital Management LLC boosted its holdings in shares of Canadian Pacific Kansas City by 76.5% during the 4th quarter. Causeway Capital Management LLC now owns 15,429,804 shares of the transportation company's stock valued at $1,116,632,000 after buying an additional 6,687,770 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Canadian Pacific Kansas City by 25.7% during the 4th quarter. Invesco Ltd. now owns 10,647,039 shares of the transportation company's stock valued at $770,526,000 after buying an additional 2,177,604 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Canadian Pacific Kansas City by 44.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 4,950,353 shares of the transportation company's stock valued at $351,723,000 after buying an additional 1,516,684 shares in the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in Canadian Pacific Kansas City by 11.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 12,433,380 shares of the transportation company's stock worth $899,805,000 after acquiring an additional 1,262,913 shares in the last quarter. 72.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently commented on CP. Wall Street Zen lowered shares of Canadian Pacific Kansas City from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Citigroup dropped their price target on Canadian Pacific Kansas City from $91.00 to $84.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Stifel Nicolaus dropped their price target on Canadian Pacific Kansas City from $85.00 to $79.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Evercore ISI dropped their target price on Canadian Pacific Kansas City from $89.00 to $88.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Argus set a $90.00 target price on Canadian Pacific Kansas City in a report on Wednesday, March 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $90.95.

Canadian Pacific Kansas City Stock Performance

Shares of NYSE:CP traded down $0.64 during midday trading on Friday, reaching $81.11. 1,085,094 shares of the company's stock traded hands, compared to its average volume of 2,817,089. The company has a market cap of $74.74 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 2.27 and a beta of 1.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.70 and a current ratio of 0.81. Canadian Pacific Kansas City Limited has a one year low of $66.49 and a one year high of $87.72. The stock has a 50 day moving average of $79.13 and a 200 day moving average of $76.31.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last posted its earnings results on Wednesday, April 30th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.74. The business had revenue of $2.66 billion for the quarter, compared to analysts' expectations of $2.56 billion. Canadian Pacific Kansas City had a net margin of 25.99% and a return on equity of 8.68%. The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.93 EPS. As a group, equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.42 EPS for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Friday, June 27th will be given a dividend of $0.1644 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.13. The ex-dividend date is Friday, June 27th. This represents a $0.66 dividend on an annualized basis and a yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio is 22.30%.

About Canadian Pacific Kansas City

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.