HighTower Advisors LLC increased its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 12.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,052 shares of the transportation company’s stock after purchasing an additional 2,470 shares during the period. HighTower Advisors LLC’s holdings in Canadian National Railway were worth $1,864,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CNI. UBS Asset Management Americas Inc. bought a new position in Canadian National Railway in the first quarter worth about $123,000. Neuberger Berman Group LLC lifted its holdings in Canadian National Railway by 1.7% in the first quarter. Neuberger Berman Group LLC now owns 133,345 shares of the transportation company’s stock worth $9,858,000 after acquiring an additional 2,238 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Canadian National Railway by 6.0% in the first quarter. Van ECK Associates Corp now owns 13,594 shares of the transportation company’s stock worth $1,002,000 after acquiring an additional 775 shares during the last quarter. Mackenzie Financial Corp lifted its holdings in Canadian National Railway by 0.4% in the first quarter. Mackenzie Financial Corp now owns 3,461,744 shares of the transportation company’s stock worth $255,927,000 after acquiring an additional 12,869 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings 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 worth $1,075,107,000 after acquiring an additional 493,026 shares during the last quarter. Institutional investors and hedge funds own 54.45% of the company’s stock.

A number of brokerages have issued reports on CNI. Stifel Nicolaus reissued a “hold” rating and issued a $89.00 target price on shares of Canadian National Railway in a report on Friday. Credit Suisse Group reissued a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. Zacks Investment Research cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Cowen and Company reissued a “buy” rating and issued a $83.00 target price on shares of Canadian National Railway in a report 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. The company presently has an average rating of “Hold” and a consensus target price of $82.47.

Shares of Canadian National Railway Company (NYSE:CNI) opened at 80.45 on Monday. The company has a market cap of $60.42 billion, a PE ratio of 19.23 and a beta of 1.13. Canadian National Railway Company has a 12-month low of $61.72 and a 12-month high of $84.48. The stock’s 50 day moving average price is $81.11 and its 200-day moving average price is $78.39.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a dividend of $0.3276 per share. This represents a $1.31 annualized dividend and a yield of 1.63%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date was Thursday, September 7th. Canadian National Railway’s dividend payout ratio is currently 34.38%.

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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.

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

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