Chemical Bank continued to hold its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,256 shares of the transportation company’s stock at the end of the 2nd quarter. Chemical Bank’s holdings in Canadian National Railway were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in CNI. Bronfman E.L. Rothschild L.P. grew its stake in Canadian National Railway by 598.5% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,404 shares of the transportation company’s stock valued at $104,000 after acquiring an additional 1,203 shares in the last quarter. City Holding Co. lifted its position in Canadian National Railway by 15.4% during the second quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock valued at $106,000 after purchasing an additional 175 shares during the last quarter. UBS Asset Management Americas Inc. bought a new position in Canadian National Railway during the first quarter valued at $123,000. Proficio Capital Partners LLC lifted its position in Canadian National Railway by 151.9% during the first quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 1,066 shares during the last quarter. Finally, Nikko Asset Management Americas Inc. bought a new position in Canadian National Railway during the second quarter valued at $146,000. 54.49% of the stock is owned by hedge funds and other institutional investors.

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Canadian National Railway Company (NYSE:CNI) opened at 81.64 on Friday. The stock has a market capitalization of $61.31 billion, a price-to-earnings ratio of 20.36 and a beta of 1.11. The firm has a 50-day moving average of $80.16 and a 200 day moving average of $77.31. Canadian National Railway Company has a 52 week low of $61.72 and a 52 week high of $84.48.

The company also recently declared 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 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, September 7th. Canadian National Railway’s payout ratio is 34.38%.

Several equities research analysts have recently issued reports on the stock. Credit Suisse Group restated a “neutral” rating and issued a $84.00 target price (up previously from $78.00) on shares of Canadian National Railway in a report on Thursday, July 13th. They noted that the move was a valuation call. BidaskClub upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus lifted their price objective on shares of Canadian National Railway from $74.00 to $79.00 and gave the company a “hold” rating in a report on Thursday, June 15th. Finally, Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Tuesday, July 11th. Fourteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $80.56.

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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