Rothschild Asset Management Inc. decreased its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,195 shares of the transportation company’s stock after selling 1,638 shares during the period. Rothschild Asset Management Inc.’s holdings in Canadian National Railway were worth $1,492,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of CNI. Dimensional Fund Advisors LP raised its position in shares of Canadian National Railway by 5.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 231,908 shares of the transportation company’s stock worth $15,631,000 after buying an additional 11,991 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Canadian National Railway by 114.6% in the fourth quarter. Guggenheim Capital LLC now owns 12,809 shares of the transportation company’s stock worth $863,000 after buying an additional 6,839 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of Canadian National Railway during the first quarter worth about $222,000. Creative Planning raised its position in shares of Canadian National Railway by 14.3% in the first quarter. Creative Planning now owns 13,089 shares of the transportation company’s stock worth $968,000 after buying an additional 1,636 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in shares of Canadian National Railway by 3.4% in the first quarter. Quadrant Capital Group LLC now owns 2,844 shares of the transportation company’s stock worth $200,000 after buying an additional 93 shares during the last quarter. Institutional investors and hedge funds own 55.30% of the company’s stock.

Shares of Canadian National Railway Company (NYSE:CNI) opened at 80.04 on Thursday. Canadian National Railway Company has a one year low of $61.11 and a one year high of $84.48. The stock has a market capitalization of $60.11 billion, a P/E ratio of 19.75 and a beta of 1.11. The company’s 50-day moving average is $81.19 and its 200-day moving average is $75.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a $0.3276 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 annualized dividend and a dividend yield of 1.64%. Canadian National Railway’s payout ratio is currently 31.77%.

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A number of analysts have recently weighed in on CNI shares. Cowen and Company increased their price objective on shares of 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 reiterated a “neutral” rating and issued a $84.00 price objective (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 shares of Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC cut their price objective on shares of 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 increased their price objective on shares of 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, fourteen have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $80.56.

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

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