Aberdeen Asset Management PLC UK decreased its position in Canadian National Railway Co. (NYSE:CNI) by 33.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,275,999 shares of the company’s stock after selling 629,254 shares during the period. Aberdeen Asset Management PLC UK owned 0.17% of Canadian National Railway worth $75,359,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CNI. Kistler Tiffany Companies LLC increased 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 worth $100,000 after buying an additional 765 shares in the last quarter. Bessemer Group Inc. increased 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 worth $123,000 after buying an additional 1,071 shares in the last quarter. Armbruster Capital Management Inc. increased its position in Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock worth $130,000 after buying an additional 800 shares in the last quarter. Quadrant Capital Group LLC increased 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 worth $149,000 after buying an additional 104 shares in the last quarter. Finally, Checchi Capital Advisers LLC increased 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 worth $158,000 after buying an additional 134 shares in the last quarter. 56.12% of the stock is currently owned by institutional investors.

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

Shares of Canadian National Railway Co. (NYSE:CNI) traded up 0.18% during mid-day trading on Wednesday, reaching $67.07. 716,671 shares of the company traded hands. Canadian National Railway Co. has a 52-week low of $46.23 and a 52-week high of $67.66. The stock’s 50 day moving average is $64.77 and its 200 day moving average is $62.15. The stock has a market capitalization of $51.75 billion, a PE ratio of 19.54 and a beta of 1.10.

Canadian National Railway (NYSE:CNI) last released its earnings results on Monday, July 25th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.02. The firm earned $2.84 billion during the quarter, compared to analysts’ expectations of $3 billion. Canadian National Railway had a net margin of 29.55% and a return on equity of 24.13%. The business’s quarterly revenue was down 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.15 EPS. On average, analysts anticipate that Canadian National Railway Co. will post $3.41 earnings per share 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 paid a dividend of $0.288 per share. The ex-dividend date was Wednesday, September 7th. Canadian National Railway’s payout ratio is currently 33.43%.

A number of equities analysts have weighed in on CNI shares. Argus started coverage on shares of Canadian National Railway in a research note on Tuesday, June 21st. They set a “buy” rating and a $73.00 price target on the stock. Barclays PLC increased their price target on shares of Canadian National Railway from $65.00 to $68.00 and gave the stock an “equal weight” rating in a research note on Monday, September 12th. Desjardins reissued a “hold” rating and issued a $86.00 target price on shares of Canadian National Railway in a research note on Tuesday, July 26th. TD Securities reissued a “hold” rating and issued a $87.00 target price (up previously from $86.00) on shares of Canadian National Railway in a research note on Tuesday, July 26th. Finally, Loop Capital started coverage on shares of Canadian National Railway in a research note on Monday, September 26th. They issued a “hold” rating and a $64.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $74.16.

About Canadian National Railway

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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