Canadian National Railway Company (CNI) Holdings Raised by Moors & Cabot Inc.
Moors & Cabot Inc. raised its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,667 shares of the transportation company’s stock after acquiring an additional 3 shares during the quarter. Moors & Cabot Inc.’s holdings in Canadian National Railway were worth $945,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Broderick Brian C lifted its holdings in Canadian National Railway by 0.7% in the first quarter. Broderick Brian C now owns 111,198 shares of the transportation company’s stock valued at $8,220,000 after acquiring an additional 748 shares during the period. OMERS ADMINISTRATION Corp acquired a new stake in Canadian National Railway in the second quarter valued at $2,293,000. Eaton Vance Management lifted its holdings in Canadian National Railway by 5,323.4% in the second quarter. Eaton Vance Management now owns 203,757 shares of the transportation company’s stock valued at $16,515,000 after acquiring an additional 200,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Canadian National Railway by 5.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 122,795 shares of the transportation company’s stock valued at $9,952,000 after acquiring an additional 5,955 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in Canadian National Railway by 9.9% in the first quarter. AQR Capital Management LLC now owns 468,923 shares of the transportation company’s stock valued at $34,514,000 after acquiring an additional 42,354 shares during the period. 54.45% of the stock is owned by institutional investors.
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Shares of Canadian National Railway Company (NYSE CNI) traded down 0.21% during mid-day trading on Friday, hitting $80.45. The stock had a trading volume of 1,345,170 shares. Canadian National Railway Company has a one year low of $61.72 and a one year high of $84.48. The company has a 50-day moving average of $81.11 and a 200 day moving average of $78.39. The firm has a market cap of $60.42 billion, a price-to-earnings ratio of 19.23 and a beta of 1.13.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were issued a dividend of $0.3276 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.63%. Canadian National Railway’s dividend payout ratio is currently 34.38%.
CNI has been the subject of a number of recent analyst reports. BidaskClub downgraded Canadian National Railway from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Credit Suisse Group reaffirmed a “neutral” rating and set a $84.00 price target (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Tuesday, July 11th. Stifel Nicolaus lifted their price target on Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, June 15th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $83.00 price target on shares of Canadian National Railway in a research note on Sunday, September 24th. Fifteen equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $82.47.
Canadian National Railway Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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