Pamela Lynne Arpin Sells 1,385 Shares of Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Pamela Lynne Arpin sold 1,385 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of C$132.92, for a total transaction of C$184,094.20. Following the transaction, the insider owned 4,578 shares of the company’s stock, valued at C$608,507.76. This trade represents a 23.23% decrease in their position.

Canadian Pacific Kansas City Trading Down 0.4%

Shares of TSE:CP opened at C$130.53 on Wednesday. Canadian Pacific Kansas City Limited has a 52 week low of C$96.50 and a 52 week high of C$133.38. The company’s 50 day moving average is C$126.99 and its two-hundred day moving average is C$119.82. The company has a market cap of C$114.75 billion, a PE ratio of 30.36, a P/E/G ratio of 2.32 and a beta of 1.28. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 53.93.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C$1.27 earnings per share for the quarter. The company had revenue of C$4.16 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.35% and a net margin of 25.04%. Equities analysts predict that Canadian Pacific Kansas City Limited will post 4.3438583 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were given a dividend of $0.268 per share. 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 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s dividend payout ratio is 22.14%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. ATB Cormark Capital Markets upped their price target on Canadian Pacific Kansas City from C$137.00 to C$143.00 and gave the company an “outperform” rating in a report on Thursday, July 30th. Raymond James Financial boosted their price objective on shares of Canadian Pacific Kansas City from C$140.00 to C$144.00 and gave the stock an “outperform” rating in a research report on Thursday, July 30th. National Bank Financial upped their target price on shares of Canadian Pacific Kansas City from C$132.00 to C$140.00 and gave the company an “outperform” 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, Desjardins upped their price objective on shares of Canadian Pacific Kansas City from C$141.00 to C$143.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target 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.