Meag Munich Ergo Kapitalanlagegesellschaft MBH maintained its position in Canadian National Railway Co. (NYSE:CNI) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 172,900 shares of the company’s stock at the end of the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH’s holdings in Canadian National Railway were worth $10,258,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kistler Tiffany Companies LLC raised its position in Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock valued at $100,000 after buying an additional 765 shares during the last quarter. Bessemer Group Inc. raised its position in Canadian National Railway by 119.4% in the first quarter. Bessemer Group Inc. now owns 1,968 shares of the company’s stock valued at $123,000 after buying an additional 1,071 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Canadian National Railway by 5.3% in the second quarter. Checchi Capital Advisers LLC now owns 2,680 shares of the company’s stock valued at $158,000 after buying an additional 134 shares during the last quarter. Quadrant Capital Group LLC raised its position in Canadian National Railway by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 2,680 shares of the company’s stock valued at $149,000 after buying an additional 104 shares during the last quarter. Finally, Zions Bancorporation raised its position in Canadian National Railway by 382.7% in the first quarter. Zions Bancorporation now owns 3,205 shares of the company’s stock valued at $201,000 after buying an additional 2,541 shares during the last quarter. 56.12% of the stock is owned by hedge funds and other institutional investors.

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

Shares of Canadian National Railway Co. (NYSE:CNI) traded up 0.97% during mid-day trading on Tuesday, hitting $66.95. The stock had a trading volume of 1,106,419 shares. The firm has a 50 day moving average price of $64.73 and a 200 day moving average price of $62.12. The firm has a market cap of $51.66 billion, a PE ratio of 19.51 and a beta of 1.10. Canadian National Railway Co. has a 52-week low of $46.23 and a 52-week high of $67.66.

Canadian National Railway (NYSE:CNI) last released its earnings results on Monday, July 25th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.02. The firm earned $2.84 billion during the quarter, compared to analyst estimates of $3 billion. Canadian National Railway had a return on equity of 24.13% and a net margin of 29.55%. Canadian National Railway’s revenue was down 9.1% compared to the same quarter last year. During the same period last year, the business posted $1.15 earnings per share. Equities analysts predict that Canadian National Railway Co. will post $3.41 EPS for the current year.

The business also recently announced a dividend, which was paid on Friday, September 30th. Investors of record on Friday, September 9th were issued a $0.288 dividend. The ex-dividend date of this dividend was Wednesday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 33.43%.

Several research analysts have recently commented on the company. Citigroup Inc. boosted their price target on Canadian National Railway from $61.00 to $66.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 13th. TD Securities reaffirmed a “hold” rating and set a $87.00 target price (up from $86.00) on shares of Canadian National Railway in a research report on Tuesday, July 26th. BMO Capital Markets reaffirmed an “outperform” rating and set a $85.00 target price on shares of Canadian National Railway in a research report on Thursday, July 7th. Raymond James Financial Inc. raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Tuesday, July 26th. Finally, Barclays PLC reaffirmed an “equal weight” rating on shares of Canadian National Railway in a research report on Thursday, July 28th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. Canadian National Railway has a consensus rating of “Hold” and a consensus price target of $74.16.

Canadian National Railway Company Profile

Canadian National Railway Co 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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

5 Day Chart for NYSE:CNI

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