Canadian Pacific Kansas City (TSE:CP) Insider Pamela Lynne Arpin Sells 1,385 Shares

Key Points

• Insider sale: Pamela Lynne Arpin sold 1,385 Canadian Pacific Kansas City shares for approximately C$184,094 at an average price of C$132.92, reducing her direct ownership by 23.23% to 4,578 shares.
• Stock and financial performance: The shares fell 1.3% to C$131.38, while the company reported quarterly revenue of C$4.16 billion and earnings of C$1.27 per share. The stock has traded between C$96.50 and C$133.38 over the past year.
• Dividend and analyst outlook: CPKC increased its quarterly dividend to $0.268 per share, representing a 0.8% annualized yield. Analysts maintain a consensus “Moderate Buy” rating with a C$134.36 price target.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP insider Pamela Lynne Arpin sold 1,385 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of C$132.92, for a total value of C$184,094.20. Following the completion of the sale, the insider directly owned 4,578 shares of the company's stock, valued at C$608,507.76. The trade was a 23.23% decrease in their ownership of the stock.

Canadian Pacific Kansas City Stock Down 1.3%

TSE:CP traded down C$1.70 during trading hours on Monday, hitting C$131.38. 483,296 shares of the company traded hands, compared to its average volume of 1,425,975. The company has a quick ratio of 0.42, a current ratio of 0.59 and a debt-to-equity ratio of 53.93. The company has a market cap of C$115.49 billion, a PE ratio of 30.55, a PEG ratio of 2.32 and a beta of 1.28. The firm's 50-day simple moving average is C$126.75 and its 200-day simple moving average is C$119.48. Canadian Pacific Kansas City Limited has a one year low of C$96.50 and a one year high of C$133.38.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last announced its earnings results on Wednesday, July 29th. The company reported C$1.27 EPS for the quarter. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The company had revenue of C$4.16 billion during the quarter. Equities analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current year.

Canadian Pacific Kansas City Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 27th were given a dividend of $0.268 per share. The ex-dividend date of this dividend was Friday, June 26th. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. Canadian Pacific Kansas City's payout ratio is 22.14%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research analyst reports. BMO Capital Markets increased their price target on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Royal Bank Of Canada upped their price objective on Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Desjardins raised their target price on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a "buy" rating in a research report on Thursday, July 30th. TD boosted their price target on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a "hold" rating in a report on Thursday, July 30th. Finally, Raymond James Financial increased their price target on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$134.36.

Canadian Pacific Kansas City Company Profile

With its global headquarters in Calgary, Alta., Canada, CPKC is the first and only single-line transnational railway linking Canada, the United States and México, with unrivaled access to major ports from Vancouver to Atlantic Canada to the Gulf Coast to Lázaro Cárdenas, México. Stretching approximately 20,000 route miles and employing 20,000 railroaders, CPKC provides North American customers unparalleled rail service and network reach to key markets across the continent. CPKC is growing with its customers, offering a suite of freight transportation services, logistics solutions and supply chain expertise.

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