Capital Analysts LLC raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,397 shares of the transportation company’s stock after buying an additional 903 shares during the period. Capital Analysts LLC’s holdings in Canadian National Railway were worth $1,005,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CNI. Wellington Management Group LLP raised its stake in shares of 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 worth $2,236,347,000 after buying an additional 2,227,390 shares in the last quarter. TD Asset Management Inc. raised its stake in shares of 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 worth $1,526,012,000 after buying an additional 740,664 shares in the last quarter. FMR LLC raised its stake in shares of Canadian National Railway by 0.8% in the first quarter. FMR LLC now owns 15,656,372 shares of the transportation company’s stock worth $1,155,641,000 after buying an additional 121,762 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of 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 worth $1,075,107,000 after buying an additional 493,026 shares in the last quarter. Finally, William Blair Investment Management LLC raised its stake in shares of Canadian National Railway by 34.7% in the second quarter. William Blair Investment Management LLC now owns 4,474,642 shares of the transportation company’s stock worth $362,542,000 after buying an additional 1,152,495 shares in the last quarter. 54.49% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Company (NYSE:CNI) opened at 79.26 on Tuesday. The firm has a market capitalization of $59.52 billion, a P/E ratio of 19.80 and a beta of 1.11. The firm has a 50 day moving average of $80.74 and a 200 day moving average of $76.32. Canadian National Railway Company has a 12-month low of $61.11 and a 12-month high of $84.48.

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

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A number of analysts have recently commented on CNI shares. BidaskClub raised shares of Canadian National Railway from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research report on Tuesday, July 11th. Stifel Nicolaus boosted 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 report on Thursday, June 15th. Credit Suisse Group reissued a “neutral” rating and issued a $78.00 price objective (up previously from $77.00) on shares of Canadian National Railway in a research report on Sunday, May 28th. Finally, Barclays PLC reissued an “equal weight” rating and issued a $81.00 price objective (up previously from $69.00) on shares of Canadian National Railway in a research report on Wednesday, May 17th. Fourteen investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Canadian National Railway currently has an average rating of “Hold” and a consensus target price 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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