Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Keith E. Creel Sells 170,227 Shares

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP Senior Officer Keith E. Creel sold 170,227 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of C$110.59, for a total transaction of C$18,825,910.53.

Canadian Pacific Kansas City Price Performance

CP traded down C$0.54 on Wednesday, reaching C$112.22. 1,294,636 shares of the company's stock were exchanged, compared to its average volume of 1,659,272. Canadian Pacific Kansas City Limited has a twelve month low of C$94.60 and a twelve month high of C$119.20. The stock has a market cap of C$104.89 billion, a PE ratio of 29.63, a P/E/G ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a current ratio of 0.53 and a quick ratio of 0.42. The stock's fifty day moving average price is C$104.74 and its 200-day moving average price is C$106.93.

Canadian Pacific Kansas City Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Friday, June 27th will be given a $0.228 dividend. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. This represents a $0.91 dividend on an annualized basis and a dividend yield of 0.81%. Canadian Pacific Kansas City's dividend payout ratio is 20.06%.

Wall Street Analysts Forecast Growth

CP has been the subject of a number of research reports. Raymond James lowered their price objective on shares of 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. Scotiabank decreased their price target on shares of Canadian Pacific Kansas City from C$118.00 to C$117.00 and set a "sector perform" rating for the company in a report on Thursday, May 1st. Royal Bank of Canada cut their target price on Canadian Pacific Kansas City from C$122.00 to C$121.00 and set an "outperform" rating on the stock in a research report on Thursday, May 1st. ATB Capital lowered 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 report on Thursday, May 1st. Finally, CIBC increased their price objective on Canadian Pacific Kansas City from C$119.00 to C$124.00 in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$120.00.

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.