Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Sells C$1,809,927.95 in Stock

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

Canadian Pacific Kansas City Stock Performance

Shares of TSE:CP traded down C$0.54 on Wednesday, hitting C$112.22. The company's stock had a trading volume of 1,294,636 shares, compared to its average volume of 1,659,272. The company has a market capitalization of C$104.89 billion, a price-to-earnings ratio of 29.63, a price-to-earnings-growth ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. Canadian Pacific Kansas City Limited has a 12 month low of C$94.60 and a 12 month high of C$119.20. The stock's 50-day moving average is C$104.74 and its two-hundred day moving average is C$106.93.

Canadian Pacific Kansas City Increases Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CP. Raymond James cut their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. UBS Group increased their price target on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research report on Thursday, May 1st. Sanford C. Bernstein cut their price target on Canadian Pacific Kansas City from C$123.00 to C$122.00 in a report on Friday, February 21st. Scotiabank lowered their price objective on Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a "sector perform" rating for the company in a research note on Thursday, May 1st. Finally, Desjardins dropped their target price on Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. One analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, Canadian Pacific Kansas City presently has a consensus rating of "Moderate Buy" and a consensus price target 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.

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