Swiss National Bank reduced its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 5.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,937,800 shares of the transportation company’s stock after selling 168,600 shares during the period. Swiss National Bank owned about 0.39% of Canadian National Railway worth $238,405,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its stake in 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 during the last quarter. TD Asset Management Inc. increased its stake in 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 during the last quarter. FMR LLC increased its stake in 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 during the last quarter. Vanguard Group Inc. increased its stake 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 buying an additional 493,026 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in 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 during the last quarter. Institutional investors own 54.49% of the company’s stock.

Canadian National Railway Company (NYSE:CNI) traded up 0.74% during mid-day trading on Thursday, hitting $80.35. 251,041 shares of the company’s stock were exchanged. The stock has a market cap of $60.34 billion, a PE ratio of 20.04 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 stock’s 50 day moving average price is $80.74 and its 200-day moving average price is $76.32.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be issued a $0.3276 dividend. This represents a $1.31 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Thursday, September 7th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s payout ratio is 31.77%.

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A number of equities research analysts have recently weighed in on CNI shares. BidaskClub upgraded 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 upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Tuesday, July 11th. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $74.00 to $79.00 and gave the company a “hold” rating in a research report on Thursday, June 15th. Credit Suisse Group reiterated a “neutral” rating and issued a $78.00 price target (up from $77.00) on shares of Canadian National Railway in a research report on Sunday, May 28th. Finally, Barclays PLC reiterated an “equal weight” rating and issued a $81.00 price target (up from $69.00) on shares of Canadian National Railway in a research report on Wednesday, May 17th. Fourteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Canadian National Railway presently has an average 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.

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

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