Canadian Pacific Kansas City (TSE:CP) Insider Nadeem Velani Sells 1,925 Shares of Company Stock

Canadian Pacific Kansas City Limited (TSE:CP) (NYSE:CP) insider Nadeem Velani sold 1,925 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of C$127.75, for a total value of C$245,918.75.

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

• On Tuesday, November 3rd, Nadeem Velani sold 1,500 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$128.25, for a total value of C$192,375.00.
• On Wednesday, November 4th, Nadeem Velani sold 8,880 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$131.75, for a total value of C$1,169,940.00.
• On Wednesday, November 4th, Nadeem Velani sold 4,682 shares of Canadian Pacific Kansas City stock. The stock was sold at an average price of C$131.80, for a total value of C$617,087.60.

Canadian Pacific Kansas City Trading Down 0.2%

Shares of CP stock opened at C$131.37 on Friday. The company has a market cap of C$114.23 billion, a P/E ratio of 30.34, a PEG ratio of 2.32 and a beta of 1.38. The stock has a 50 day simple moving average of C$124.30 and a two-hundred day simple moving average of C$119.91. The company has a debt-to-equity ratio of 56.46, a quick ratio of 0.42 and a current ratio of 0.52. Canadian Pacific Kansas City Limited has a fifty-two week low of C$96.50 and a fifty-two week high of C$133.54.

Canadian Pacific Kansas City (TSE:CP) (NYSE:CP) last posted its quarterly earnings results on Wednesday, October 28th. The company reported C$1.28 earnings per share (EPS) for the quarter. The firm had revenue of C$4.22 billion for the quarter. Canadian Pacific Kansas City had a return on equity of 8.37% and a net margin of 24.14%. Research analysts forecast that Canadian Pacific Kansas City Limited will post 4.34 earnings per share for the current year.

Canadian Pacific Kansas City Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Stockholders of record on Monday, October 26th were paid a $0.2680 dividend. The ex-dividend date was Friday, September 25th. This represents a $1.07 annualized dividend and a dividend yield of 0.8%. Canadian Pacific Kansas City’s payout ratio is currently 22.91%.

Key Stories Impacting Canadian Pacific Kansas City

Here are the key news stories impacting Canadian Pacific Kansas City this week:

• Positive Sentiment: A report highlights record grain volumes at CPKC, which could support the company’s investment outlook through stronger freight activity. The article does not provide volume figures in the supplied information. How Record Grain Volumes At Canadian Pacific Kansas City Have Changed Its Investment Story
• Neutral Sentiment: CPKC executives are scheduled to participate in a November conference, and a separate report notes a new investor event. These appearances may provide updates, but no specific business or financial announcements are described. Canadian Pacific Kansas City stock: Executives set November conference Canadian Pacific Kansas City stock gets new investor event
• Negative Sentiment: Insider Nadeem Velani reported multiple share sales over November 2–4, including a reported 65.48% reduction in his holdings, leaving 4,682 shares. The selling could unsettle investors, although insider transactions alone do not establish a change in the company’s outlook.

Analyst Upgrades and Downgrades

CP has been the topic of several research analyst reports. Citigroup increased their target price on shares of Canadian Pacific Kansas City from C$102.00 to C$106.00 and gave the stock a “buy” rating in a research note on Thursday, October 29th. ATB Cormark Capital Markets decreased their price target on shares of Canadian Pacific Kansas City from C$146.00 to C$144.00 and set an “outperform” rating for the company in a research note on Thursday, October 29th. 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 research note on Thursday, July 16th. Desjardins dropped their price objective on shares of Canadian Pacific Kansas City from C$143.00 to C$141.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Finally, TD increased their price objective on shares of Canadian Pacific Kansas City from C$128.00 to C$134.00 and gave the stock a “hold” rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$139.00.

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.