IFP Advisors Inc raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 17.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,017 shares of the transportation company’s stock after buying an additional 1,177 shares during the period. IFP Advisors Inc’s holdings in Canadian National Railway were worth $650,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CNI. Broderick Brian C raised its stake in shares of Canadian National Railway by 0.7% in the first quarter. Broderick Brian C now owns 111,198 shares of the transportation company’s stock worth $8,220,000 after buying an additional 748 shares during the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Canadian National Railway by 2.1% in the first quarter. Pinnacle Associates Ltd. now owns 142,901 shares of the transportation company’s stock worth $10,565,000 after buying an additional 3,005 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of 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 worth $34,514,000 after buying an additional 42,354 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Canadian National Railway by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 1,405,864 shares of the transportation company’s stock worth $103,935,000 after buying an additional 31,746 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Canadian National Railway by 16.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,028 shares of the transportation company’s stock worth $963,000 after buying an additional 1,840 shares during the last quarter. Institutional investors and hedge funds own 55.30% of the company’s stock.

Canadian National Railway Company (NYSE CNI) opened at 79.50 on Friday. The firm has a market capitalization of $59.70 billion, a P/E ratio of 19.62 and a beta of 1.11. Canadian National Railway Company has a one year low of $61.11 and a one year high of $84.48. The firm has a 50-day moving average price of $81.16 and a 200-day moving average price of $75.59.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a dividend of $0.3276 per share. The ex-dividend date is Thursday, September 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 annualized dividend and a yield of 1.65%. Canadian National Railway’s payout ratio is currently 31.77%.

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CNI has been the topic of a number of research analyst reports. Cowen and Company boosted their price target on Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. Credit Suisse Group restated 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. BidaskClub lowered Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC dropped their price target on Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 25th. Finally, Stifel Nicolaus boosted 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. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $80.56.

About Canadian National Railway

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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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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