Mark Ashley Redd Sells 52,000 Shares of Canadian Pacific Kansas City (TSE:CP) Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Mark Ashley Redd sold 52,000 shares of the stock in a transaction that occurred on 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 sale, the insider owned 2,199 shares in the company, valued at approximately C$295,765.50. The trade was a 95.94% decrease in their position.

Canadian Pacific Kansas City Stock Up 0.0%

Shares of CP stock traded up C$0.01 during mid-day trading on Tuesday, hitting C$131.07. The company’s stock had a trading volume of 430,705 shares, compared to its average volume of 1,425,239. The stock has a market cap of C$115.22 billion, a price-to-earnings ratio of 30.48, a PEG ratio of 2.32 and a beta of 1.28. The company has a debt-to-equity ratio of 53.93, a quick ratio of 0.42 and a current ratio of 0.59. Canadian Pacific Kansas City Limited has a 52-week low of C$96.50 and a 52-week high of C$133.38. The business has a 50-day moving average price of C$126.88 and a 200 day moving average price of C$119.66.

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

Canadian Pacific Kansas City Increases Dividend

The firm also recently declared 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 represents a $1.07 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Friday, June 26th. This is an increase from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s payout ratio is currently 22.14%.

Analyst Ratings Changes

Several research firms have recently commented on CP. Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 15th. Stephens raised shares of Canadian Pacific Kansas City to a “hold” rating in a research note on Wednesday, July 8th. BMO Capital Markets increased their price target on Canadian Pacific Kansas City from C$142.00 to C$145.00 and gave the company an “outperform” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. raised their price target on Canadian Pacific Kansas City from C$135.00 to C$153.00 in a report on Thursday, July 30th. Finally, Scotiabank lifted their price target on Canadian Pacific Kansas City from C$122.00 to C$143.00 and gave the stock a “strong-buy” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Canadian Pacific Kansas City has an average rating of “Moderate Buy” and a consensus 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.