Calamos Wealth Management LLC Purchases 4,030 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Calamos Wealth Management LLC increased its holdings in Canadian Pacific Kansas City Limited by purchasing an additional 4,030 shares, bringing their total to 156,922 shares valued at approximately $12.44 million.
• Canadian Pacific Kansas City recently announced a quarterly dividend of $0.1651 per share, an increase from the previous dividend of $0.16, with the ex-dividend date set for September 26th.
• The company reported revenue of $2.72 billion for the last quarter, slightly below the consensus estimate, and posted an EPS of $0.81, missing expectations by a narrow margin.

Calamos Wealth Management LLC lifted its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,922 shares of the transportation company's stock after purchasing an additional 4,030 shares during the period. Calamos Wealth Management LLC's holdings in Canadian Pacific Kansas City were worth $12,439,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Capital Insight Partners LLC increased its stake in shares of Canadian Pacific Kansas City by 0.4% during the first quarter. Capital Insight Partners LLC now owns 40,700 shares of the transportation company's stock worth $2,858,000 after purchasing an additional 143 shares during the period. Davidson Trust Co. lifted its position in shares of Canadian Pacific Kansas City by 3.2% during the 1st quarter. Davidson Trust Co. now owns 4,660 shares of the transportation company's stock valued at $327,000 after acquiring an additional 144 shares during the period. Redmond Asset Management LLC grew its holdings in shares of Canadian Pacific Kansas City by 0.5% during the 1st quarter. Redmond Asset Management LLC now owns 31,617 shares of the transportation company's stock worth $2,220,000 after purchasing an additional 148 shares in the last quarter. Tradewinds LLC. increased its position in shares of Canadian Pacific Kansas City by 3.8% in the first quarter. Tradewinds LLC. now owns 4,326 shares of the transportation company's stock worth $304,000 after purchasing an additional 157 shares during the period. Finally, Financial Partners Group Inc increased its position in shares of Canadian Pacific Kansas City by 0.3% in the first quarter. Financial Partners Group Inc now owns 49,334 shares of the transportation company's stock worth $3,464,000 after purchasing an additional 158 shares during the period. Institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 1.5%

Shares of Canadian Pacific Kansas City stock opened at $76.61 on Friday. The firm has a market capitalization of $69.47 billion, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.16 and a beta of 1.08. The company has a current ratio of 0.93, a quick ratio of 0.81 and a debt-to-equity ratio of 0.45. The firm's 50 day moving average is $75.44 and its 200 day moving average is $76.68. Canadian Pacific Kansas City Limited has a 1 year low of $66.49 and a 1 year high of $83.65.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Wednesday, July 30th. The transportation company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.76 billion. Canadian Pacific Kansas City had a net margin of 28.05% and a return on equity of 8.69%. Canadian Pacific Kansas City's revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.05 EPS. Equities research analysts forecast that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, September 26th will be issued a dividend of $0.1651 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.66 annualized dividend and a dividend yield of 0.9%. Canadian Pacific Kansas City's dividend payout ratio (DPR) is 20.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Stephens upped their price objective on shares of Canadian Pacific Kansas City from $95.00 to $97.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Canadian Pacific Kansas City in a report on Wednesday, October 8th. National Bankshares reiterated an "outperform" rating on shares of Canadian Pacific Kansas City in a research report on Thursday, September 18th. National Bank Financial raised shares of Canadian Pacific Kansas City from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, July 30th. Finally, Susquehanna cut their target price on Canadian Pacific Kansas City from $91.00 to $88.00 and set a "positive" rating for the company in a research note on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $91.38.

Canadian Pacific Kansas City 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.

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