Canadian Pacific Kansas City (TSE:CP) Insider Sells C$1,169,940.00 in Stock

Key Points

• Insider Nadeem Velani sold 8,880 shares for C$1.17 million at an average C$131.75, reducing his reported stake by 65.48% to 4,682 shares.
• Analyst sentiment remains broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of C$139.
• Canadian Pacific Kansas City reported quarterly EPS of C$1.28 and revenue of C$4.22 billion; its quarterly dividend was C$0.268 per share, equivalent to an annualized yield of about 0.8%.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP insider Nadeem Velani sold 8,880 shares of Canadian Pacific Kansas City stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of C$131.75, for a total value of C$1,169,940.00. Following the transaction, the insider owned 4,682 shares in the company, valued at C$616,853.50. This trade represents a 65.48% decrease in their ownership of the stock.

Nadeem Velani also recently made the following trade(s):

• On Monday, November 2nd, Nadeem Velani sold 1,925 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$127.75, for a total transaction of C$245,918.75.
• On Tuesday, November 3rd, Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$128.25, for a total transaction of C$192,375.00.
• On Wednesday, November 4th, Nadeem Velani sold 4,682 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$131.80, for a total value of C$617,087.60.

Canadian Pacific Kansas City Price Performance

CP traded down C$0.26 on Thursday, hitting C$131.42. 1,402,818 shares of the company's stock traded hands, compared to its average volume of 1,384,632. The firm has a market cap of C$114.28 billion, a price-to-earnings ratio of 30.35, a P/E/G ratio of 2.32 and a beta of 1.33. The company's 50 day simple moving average is C$124.30 and its 200-day simple moving average is C$119.76. Canadian Pacific Kansas City Limited has a one year low of C$96.50 and a one year high of C$133.54. The company has a current ratio of 0.52, a quick ratio of 0.42 and a debt-to-equity ratio of 56.46.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last issued its quarterly earnings data on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. The business had revenue of C$4.22 billion for the quarter. As a group, research analysts anticipate that Canadian Pacific Kansas City Limited will post 4.34 EPS for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were paid a dividend of $0.2680 per share. This represents a $1.07 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, September 25th. Canadian Pacific Kansas City's payout ratio is currently 22.91%.

Wall Street Analyst Weigh In

CP has been the subject of several research reports. Scotia upped their target price on Canadian Pacific Kansas City from C$143.00 to C$144.00 and gave the stock an "outperform" rating in a report on Thursday, October 29th. TD lifted their price objective on Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the company a "hold" rating in a report on Thursday, July 30th. ATB Cormark Capital Markets decreased their price objective on Canadian Pacific Kansas City from C$146.00 to C$144.00 and set an "outperform" rating for the company in a report on Thursday, October 29th. BMO Capital Markets upped their price objective on shares of Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the stock an "outperform" rating in a research note on Thursday, July 30th. Finally, Citizens Jmp raised shares of Canadian Pacific Kansas City to a "hold" rating in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of C$139.00.

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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