James Dominic Luther Clements Sells 15,971 Shares of Canadian Pacific Kansas City Limited (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP Senior Officer James Dominic Luther Clements sold 15,971 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of C$113.33, for a total transaction of C$1,809,927.95.

Canadian Pacific Kansas City Price Performance

CP stock traded up C$0.29 during trading hours on Friday, hitting C$112.19. 1,286,918 shares of the stock traded hands, compared to its average volume of 1,648,249. The stock has a 50-day simple moving average of C$105.43 and a 200 day simple moving average of C$107.11. The company has a market cap of C$104.86 billion, a P/E ratio of 29.62, a P/E/G ratio of 2.32 and a beta of 0.79. Canadian Pacific Kansas City Limited has a one year low of C$94.60 and a one year high of C$119.20. The company has a current ratio of 0.53, a quick ratio of 0.42 and a debt-to-equity ratio of 49.64.

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Friday, June 27th will be given a $0.228 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. This represents a $0.91 annualized dividend and a yield of 0.81%. Canadian Pacific Kansas City's payout ratio is 20.06%.

Wall Street Analyst Weigh In

CP has been the subject of a number of recent research reports. ATB Capital lowered their price objective on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Scotiabank lowered their price target on shares of Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a "sector perform" rating for the company in a research report on Thursday, May 1st. The Goldman Sachs Group downgraded shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research report on Monday, June 2nd. National Bankshares decreased their target price on shares of Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a "sector perform" rating for the company in a research report on Thursday, April 3rd. Finally, Sanford C. Bernstein reduced their price objective on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and an average target price of C$120.00.

Canadian Pacific Kansas City Company Profile

Canadian Pacific is a CAD 8 billion Class-1 railroads operating on more than 12,500 miles of track across most of Canada and into parts of the Midwestern and Northeastern United States. It is the second-smallest Class I railroad by revenue and route miles. In 2021, CP hauled shipments of grain (22% of freight revenue), intermodal containers (22%), energy products (like crude and frac sand), chemicals, and plastics (20%) coal (8%), fertilizer and potash (10%), automotive products (5%), and a diverse mix of other merchandise.