Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Sells C$933,389.25 in Stock

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

Canadian Pacific Kansas City Price Performance

TSE:CP traded down C$0.24 on Friday, reaching C$110.04. 60,114 shares of the company's stock traded hands, compared to its average volume of 1,624,310. The firm has a market cap of C$102.85 billion, a PE ratio of 29.05, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a quick ratio of 0.42, a current ratio of 0.53 and a debt-to-equity ratio of 49.64. The stock has a 50-day simple moving average of C$108.71 and a 200-day simple moving average of C$107.50. Canadian Pacific Kansas City Limited has a 12 month low of C$94.60 and a 12 month high of C$119.20.

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 Monday, July 28th will be given a dividend of $0.228 per share. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. The ex-dividend date is Friday, June 27th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.83%. Canadian Pacific Kansas City's dividend payout ratio is currently 20.06%.

Wall Street Analyst Weigh In

Several analysts have recently commented on CP shares. CIBC increased their target price on shares of Canadian Pacific Kansas City from C$119.00 to C$124.00 in a report on Thursday, May 22nd. The Goldman Sachs Group cut shares of Canadian Pacific Kansas City from a "strong-buy" rating to a "hold" rating in a report on Monday, June 2nd. ATB Capital dropped their price target 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. Raymond James Financial lowered their target price on Canadian Pacific Kansas City from C$130.00 to C$115.00 and set an "outperform" rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays cut their target price on shares of Canadian Pacific Kansas City from C$130.00 to C$125.00 in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian Pacific Kansas City presently has an average rating of "Moderate Buy" and an average price target of C$120.00.

About Canadian Pacific Kansas City

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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