Allspring Global Investments Holdings Reduces $16M in Canadian Pacific Kansas City Limited ($CP)
Key Points
- Allspring Global Investments Holdings changed its Canadian Pacific Kansas City Limited ($CP) stake by 3.41% last quarter, cutting to 5,299,197 shares worth $459.18 million.
- Wall Street's consensus rating on $CP is Buy and an average price target of $100.99.
- $CP last traded around $86.65.
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Allspring Global Investments Holdings trimmed its position in Canadian Pacific Kansas City Limited ($CP) by 3.41% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,299,197 shares of Canadian Pacific Kansas City Limited after selling 187,324 shares during the quarter. Allspring Global Investments Holdings's holdings in Canadian Pacific Kansas City Limited were worth $459.18 million as of its most recent filing.
Canadian Pacific Kansas City Limited Stock Down 7.9%
Shares of Canadian Pacific Kansas City Limited ($CP) traded around $86.65 on Saturday, down 7.9% for the day.
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About Canadian Pacific Kansas City Limited
Canadian Pacific Kansas City Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada, the United States, and Mexico. The transports bulk commodities, including grain, coal, potash, fertilizers, and sulphur; merchandise freight consists of industrial and consumer products, such as forest products, energy, chemicals and plastics, metals, minerals, consumer products, and automotive; and intermodal traffic comprising retail goods in overseas containers. The company also provides rail and intermodal transportation services through a network of approximately 20,000 miles serving business centers. The company was formerly known as Canadian Pacific Railway Limited and changed its name to Canadian Pacific Kansas City Limited in April 2023. Canadian Pacific Kansas City Limited was founded in 1881 and is headquartered in Calgary, Canada.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.