Canadian Pacific Kansas City (TSE:CP) Insider Sells C$6,994,000.00 in Stock

Key Points

• Insider sale: Mark Ashley Redd sold 52,000 Canadian Pacific Kansas City shares for C$6.994 million at C$134.50 each, reducing his direct stake by 95.94% to 2,199 shares.
• Stock and financial performance: Shares recently traded at C$131.07, near their one-year high of C$133.38. The company reported quarterly revenue of C$4.16 billion, EPS of C$1.27, a 25.04% net margin, and an 8.35% return on equity.
• Dividend and analyst outlook: CPKC raised its quarterly dividend to $0.268 per share, implying a 0.8% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of C$134.36, while several firms raised targets to C$143–C$145.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP insider Mark Ashley Redd sold 52,000 shares of the company's stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$134.50, for a total transaction of C$6,994,000.00. Following the transaction, the insider directly owned 2,199 shares of the company's stock, valued at C$295,765.50. This represents a 95.94% decrease in their position.

Canadian Pacific Kansas City Price Performance

TSE:CP traded up C$0.01 during trading hours on Tuesday, reaching C$131.07. The company had a trading volume of 430,705 shares, compared to its average volume of 1,425,239. The firm has a market capitalization of C$115.22 billion, a PE ratio of 30.48, a PEG ratio of 2.32 and a beta of 1.28. Canadian Pacific Kansas City Limited has a one year low of C$96.50 and a one year high of C$133.38. 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 stock has a 50-day moving average of C$126.88 and a two-hundred day moving average of C$119.66.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last issued its quarterly earnings data 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 firm had revenue of C$4.16 billion for the quarter. Analysts forecast 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 disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Monday, July 27th were issued a dividend of $0.268 per share. This is an increase from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, June 26th. Canadian Pacific Kansas City's dividend payout ratio is presently 22.14%.

Analysts Set New Price Targets

A number of research analysts have weighed in on CP shares. ATB Cormark Capital Markets lifted their price target on shares of Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the company an "outperform" rating in a research note on Thursday, July 30th. Royal Bank Of Canada upped their target price on Canadian Pacific Kansas City from C$139.00 to C$145.00 and gave the company an "outperform" rating in a research report on Thursday, July 30th. Desjardins increased their target price on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the stock a "buy" rating in a report on Thursday, July 30th. Citizens Jmp upgraded shares of Canadian Pacific Kansas City to a "hold" rating in a research note on Wednesday, July 15th. Finally, Scotiabank upped their price target on shares of Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the company a "strong-buy" rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$134.36.

About Canadian Pacific Kansas City

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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