Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Pamela Lynne Arpin Sells 8,500 Shares

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP Senior Officer Pamela Lynne Arpin sold 8,500 shares of Canadian Pacific Kansas City stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of C$109.81, for a total value of C$933,389.25.

Canadian Pacific Kansas City Stock Down 1.0%

TSE CP traded down C$1.12 during trading on Monday, reaching C$108.83. 809,530 shares of the company's stock were exchanged, compared to its average volume of 1,619,876. The stock has a market cap of C$101.72 billion, a P/E ratio of 28.73, 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. The company has a 50 day moving average price of C$109.09 and a two-hundred day moving average price of C$107.62. Canadian Pacific Kansas City Limited has a 1 year low of C$94.60 and a 1 year high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Monday, July 28th will be issued a $0.228 dividend. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. This represents a $0.91 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is presently 20.06%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. The Goldman Sachs Group downgraded Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a research note on Monday, June 2nd. UBS Group boosted their target price on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a research note on Thursday, May 1st. Scotiabank dropped their target price on Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 1st. Raymond James Financial lowered their price target on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating for the company in a research report on Tuesday, April 22nd. Finally, CIBC lifted their price target on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a research report on Thursday, May 22nd. One 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$119.92.

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.