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 company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of C$134.50, for a total value of C$6,994,000.00. Following the completion of the sale, the insider owned 2,199 shares of the company’s stock, valued at C$295,765.50. This represents a 95.94% decrease in their ownership of the stock.

Canadian Pacific Kansas City Stock Performance

Shares of Canadian Pacific Kansas City stock opened at C$131.40 on Thursday. The firm has a market cap of C$115.51 billion, a P/E ratio of 30.56, 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 Limited has a 12 month low of C$96.50 and a 12 month high of C$133.38. The stock’s fifty day moving average price is C$127.20 and its 200-day moving average price is C$119.98.

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. Canadian Pacific Kansas City had a net margin of 25.04% and a return on equity of 8.35%. The company had revenue of C$4.16 billion during the quarter. On average, equities research analysts expect 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 declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Monday, July 27th were given a $0.268 dividend. 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 a boost from Canadian Pacific Kansas City’s previous quarterly dividend of $0.23. Canadian Pacific Kansas City’s dividend payout ratio is currently 22.14%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on CP shares. National Bank Financial lifted their price objective 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. Barclays upped their target price on Canadian Pacific Kansas City from C$135.00 to C$145.00 in a report on Friday, June 26th. ATB Cormark Capital Markets increased 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 report on Thursday, July 30th. BMO Capital Markets lifted 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 report on Thursday, July 30th. Finally, Citizens Jmp raised Canadian Pacific Kansas City to a “hold” rating in a research report on Wednesday, July 15th. 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 data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.