Calamos Wealth Management LLC Sells 13,942 Shares of Canadian Pacific Kansas City Limited (NYSE:CP)

Calamos Wealth Management LLC lowered its position in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 60.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,289 shares of the transportation company's stock after selling 13,942 shares during the period. Calamos Wealth Management LLC's holdings in Canadian Pacific Kansas City were worth $734,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Stonebridge Capital Advisors LLC grew its stake in Canadian Pacific Kansas City by 750.0% during the fourth quarter. Stonebridge Capital Advisors LLC now owns 340 shares of the transportation company's stock valued at $25,000 after acquiring an additional 300 shares in the last quarter. Sands Capital Management LLC bought a new stake in Canadian Pacific Kansas City during the third quarter valued at approximately $31,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Canadian Pacific Kansas City during the third quarter valued at approximately $29,000. Anchor Investment Management LLC bought a new stake in Canadian Pacific Kansas City during the fourth quarter valued at approximately $40,000. Finally, Fortis Capital Advisors LLC bought a new stake in Canadian Pacific Kansas City during the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 72.20% of the company's stock.

Canadian Pacific Kansas City Trading Up 0.9 %

CP traded up $0.74 during trading on Friday, hitting $84.68. 1,627,600 shares of the stock traded hands, compared to its average volume of 1,542,678. The firm has a market capitalization of $78.97 billion, a P/E ratio of 26.97, a price-to-earnings-growth ratio of 2.17 and a beta of 0.94. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.53 and a quick ratio of 0.46. The firm has a 50-day moving average of $87.10 and a 200 day moving average of $79.51. Canadian Pacific Kansas City Limited has a 12-month low of $68.92 and a 12-month high of $91.58.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last issued its quarterly earnings data on Tuesday, January 30th. The transportation company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.83 by $0.04. Canadian Pacific Kansas City had a net margin of 31.29% and a return on equity of 8.52%. The business had revenue of $2.77 billion during the quarter, compared to analyst estimates of $2.71 billion. Equities research analysts anticipate that Canadian Pacific Kansas City Limited will post 3.21 EPS for the current year.

Canadian Pacific Kansas City Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 29th. Shareholders of record on Thursday, March 28th will be issued a $0.1415 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.14. This represents a $0.57 annualized dividend and a yield of 0.67%. Canadian Pacific Kansas City's dividend payout ratio is 17.83%.

Analyst Ratings Changes

CP has been the subject of several research analyst reports. Scotiabank reiterated a "sector perform" rating on shares of Canadian Pacific Kansas City in a research report on Monday, March 25th. Susquehanna Bancshares lowered shares of Canadian Pacific Kansas City from a "positive" rating to a "neutral" rating and dropped their target price for the company from $90.00 to $87.00 in a research report on Monday, January 8th. Bank of America lifted their target price on shares of Canadian Pacific Kansas City from $87.00 to $97.00 and gave the company a "buy" rating in a research report on Wednesday, April 10th. Barclays lifted their target price on shares of Canadian Pacific Kansas City from $90.00 to $96.00 and gave the company an "overweight" rating in a research report on Thursday, April 4th. Finally, StockNews.com raised shares of Canadian Pacific Kansas City from a "sell" rating to a "hold" rating in a research note on Wednesday, January 31st. Twelve research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $95.29.

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.