DekaBank Deutsche Girozentrale boosted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 82.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 98,366 shares of the transportation company’s stock after buying an additional 44,403 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Canadian National Railway were worth $7,962,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wellington Management Group LLP boosted its stake in Canadian National Railway by 7.9% in the first quarter. Wellington Management Group LLP now owns 30,335,430 shares of the transportation company’s stock valued at $2,236,347,000 after buying an additional 2,227,390 shares in the last quarter. TD Asset Management Inc. boosted its stake in Canadian National Railway by 4.1% in the second quarter. TD Asset Management Inc. now owns 18,836,822 shares of the transportation company’s stock valued at $1,526,012,000 after buying an additional 740,664 shares in the last quarter. FMR LLC boosted its stake in Canadian National Railway by 0.8% in the first quarter. FMR LLC now owns 15,656,372 shares of the transportation company’s stock valued at $1,155,641,000 after buying an additional 121,762 shares in the last quarter. Vanguard Group Inc. boosted its stake in Canadian National Railway by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,542,225 shares of the transportation company’s stock valued at $1,075,107,000 after buying an additional 493,026 shares in the last quarter. Finally, OppenheimerFunds Inc. boosted its stake in Canadian National Railway by 15.6% in the first quarter. OppenheimerFunds Inc. now owns 3,506,422 shares of the transportation company’s stock valued at $259,230,000 after buying an additional 472,909 shares in the last quarter. Institutional investors and hedge funds own 55.56% of the company’s stock.

Canadian National Railway Company (NYSE:CNI) opened at 80.37 on Tuesday. The company has a market cap of $60.36 billion, a price-to-earnings ratio of 19.83 and a beta of 1.11. Canadian National Railway Company has a 52-week low of $61.11 and a 52-week high of $84.48. The stock has a 50 day moving average of $81.16 and a 200-day moving average of $75.74.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.3276 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a yield of 1.63%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s dividend payout ratio is 31.77%.

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Several analysts recently commented on CNI shares. BidaskClub upgraded shares of Canadian National Railway from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Tuesday, July 11th. Stifel Nicolaus raised their price target on shares of Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a report on Thursday, June 15th. Credit Suisse Group restated a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. Finally, Cowen and Company raised their price target on shares of Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a report on Tuesday, April 25th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus 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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