Pershing Square Capital Management, L.P. Reduces $1.3B in Canadian Pacific Kansas City Limited ($CP)
Key Points
- Pershing Square Capital Management, L.P. changed its Canadian Pacific Kansas City Limited ($CP) stake by 100.0% last quarter, cutting to 0 shares.
- Wall Street's consensus rating on $CP is Buy and an average price target of $90.94.
- $CP last traded around $90.08.
Pershing Square Capital Management, L.P. reduced its position in Canadian Pacific Kansas City Limited ($CP), according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 0 shares of Canadian Pacific Kansas City Limited after selling 14,799,796 shares during the quarter.
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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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