Huntington National Bank decreased its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 102,617 shares of the transportation company’s stock after selling 1,959 shares during the period. Huntington National Bank’s holdings in Canadian National Railway were worth $8,317,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in CNI. Dimensional Fund Advisors LP increased its stake in 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 period. Guggenheim Capital LLC increased its stake in 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 period. Brookfield Asset Management Inc. bought a new stake in Canadian National Railway during the fourth quarter worth approximately $17,710,000. First Financial Bank N.A. Trust Division increased its stake in Canadian National Railway by 3.9% in the first quarter. First Financial Bank N.A. Trust Division now owns 51,235 shares of the transportation company’s stock worth $3,788,000 after buying an additional 1,918 shares during the period. Finally, Cardinal Capital Management Inc. increased its stake in Canadian National Railway by 1.0% in the first quarter. Cardinal Capital Management Inc. now owns 561,925 shares of the transportation company’s stock worth $41,405,000 after buying an additional 5,450 shares during the period. Institutional investors own 55.56% of the company’s stock.

Canadian National Railway Company (CNI) traded down 0.41% on Friday, hitting $79.50. 1,517,779 shares of the stock traded hands. The stock has a market capitalization of $59.70 billion, a P/E ratio of 19.62 and a beta of 1.11. Canadian National Railway Company has a 12-month low of $61.11 and a 12-month high of $84.48. The company’s 50 day moving average price is $80.99 and its 200-day moving average price is $75.94.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.3276 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is currently 31.77%.

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CNI has been the topic of a number of recent analyst reports. Cowen and Company boosted their price target on shares of Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Barclays PLC dropped their price target on shares of Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 25th. Credit Suisse Group restated a “neutral” rating and set a $78.00 price target (up from $77.00) on shares of Canadian National Railway in a research report on Sunday, May 28th. Finally, BidaskClub upgraded shares of Canadian National Railway from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. Fourteen equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $80.56.

About Canadian National Railway

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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