Insider Selling: Canadian Pacific Kansas City (TSE:CP) Insider Sells C$3,327,020.40 in Stock

Key Points

• Insider sale: Laird Joseph Pitz sold 24,630 Canadian Pacific Kansas City shares for approximately C$3.33 million at an average price of C$135.08.
• Stock and operating performance: Shares rose 1.5% to C$132.75, near their 12-month high, while the company reported quarterly revenue of C$4.16 billion and earnings of C$1.27 per share.
• Dividend and analyst outlook: CPKC increased its quarterly dividend to C$0.268, an annualized yield of about 0.8%. Analysts maintain a consensus “Moderate Buy” rating with an average target price of C$134.36.

Canadian Pacific Kansas City Limited (TSE:CP - Get Free Report) NYSE: CP insider Laird Joseph Pitz sold 24,630 shares of the firm's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of C$135.08, for a total value of C$3,327,020.40.

Canadian Pacific Kansas City Trading Up 1.5%

Canadian Pacific Kansas City stock traded up C$1.94 during trading hours on Friday, reaching C$132.75. The company had a trading volume of 254,697 shares, compared to its average volume of 1,427,636. The company has a debt-to-equity ratio of 53.93, a current ratio of 0.59 and a quick ratio of 0.42. Canadian Pacific Kansas City Limited has a 12-month low of C$96.50 and a 12-month high of C$132.86. The company has a 50-day moving average price of C$126.61 and a 200 day moving average price of C$119.26. The firm has a market cap of C$116.70 billion, a price-to-earnings ratio of 30.87, a P/E/G ratio of 2.32 and a beta of 1.28.

Canadian Pacific Kansas City (TSE:CP - Get Free Report) NYSE: CP last released its quarterly earnings data on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%.The firm had revenue of C$4.16 billion during the quarter. Equities 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 declared a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Monday, July 27th were issued a $0.268 dividend. This is a boost from Canadian Pacific Kansas City's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, June 26th. This represents a $1.07 dividend on an annualized basis and a yield of 0.8%. Canadian Pacific Kansas City's payout ratio is 22.14%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. JPMorgan Chase & Co. upped their price target on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a research report on Thursday, July 30th. ATB Cormark Capital Markets boosted their target price on 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. Raymond James Financial upped their target price on Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the company an "outperform" rating in a report on Thursday, July 30th. Desjardins raised their price target on Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the stock a "buy" rating in a research note on Thursday, July 30th. Finally, Scotiabank lifted 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 report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Canadian Pacific Kansas City has a consensus rating of "Moderate Buy" and a consensus target price 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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