Insider Selling: Canadian Pacific Kansas City Limited (TSE:CP) Senior Officer Sells 60,000 Shares of Stock

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP Senior Officer Nadeem Velani sold 60,000 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of C$110.30, for a total value of C$6,618,006.00.

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

• On Monday, June 9th, Nadeem Velani sold 24,100 shares of Canadian Pacific Kansas City stock. The shares were sold at an average price of C$112.42, for a total value of C$2,709,322.00.

Canadian Pacific Kansas City Trading Down 1.1%

Shares of TSE:CP traded down C$1.20 during midday trading on Friday, reaching C$109.24. The company's stock had a trading volume of 1,609,947 shares, compared to its average volume of 1,628,215. The firm has a market capitalization of C$102.11 billion, a price-to-earnings ratio of 28.84, a PEG ratio of 2.32 and a beta of 0.79. The company has a debt-to-equity ratio of 49.64, a quick ratio of 0.42 and a current ratio of 0.53. The firm has a 50 day moving average price of C$106.56 and a two-hundred day moving average price of C$107.26. Canadian Pacific Kansas City Limited has a fifty-two week low of C$94.60 and a fifty-two week high of C$119.20.

Canadian Pacific Kansas City Increases Dividend

The company 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 $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 0.83%. This is a positive change from Canadian Pacific Kansas City's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Friday, June 27th. Canadian Pacific Kansas City's payout ratio is presently 20.06%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Desjardins lowered their price objective on Canadian Pacific Kansas City from C$129.00 to C$124.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. UBS Group raised their target price on Canadian Pacific Kansas City from C$113.00 to C$116.00 in a report on Thursday, May 1st. ATB Capital reduced their target price on Canadian Pacific Kansas City from C$128.00 to C$124.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. National Bankshares reduced their target price on Canadian Pacific Kansas City from C$123.00 to C$118.00 and set a "sector perform" rating on the stock in a report on Thursday, April 3rd. Finally, Barclays cut their price objective on Canadian Pacific Kansas City from C$130.00 to C$125.00 in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.