Ropes Wealth Advisors LLC trimmed its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,827 shares of the transportation company’s stock after selling 1,342 shares during the period. Canadian National Railway comprises approximately 1.9% of Ropes Wealth Advisors LLC’s holdings, making the stock its 11th biggest holding. Ropes Wealth Advisors LLC’s holdings in Canadian National Railway were worth $6,794,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Canadian National Railway by 15.5% in the 2nd quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock valued at $1,361,140,000 after purchasing an additional 2,251,612 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Canadian National Railway by 7.9% in the 1st quarter. Wellington Management Group LLP now owns 30,335,430 shares of the transportation company’s stock valued at $2,236,347,000 after purchasing an additional 2,227,390 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in shares of Canadian National Railway by 54.1% in the 1st quarter. William Blair Investment Management LLC now owns 3,322,147 shares of the transportation company’s stock valued at $244,625,000 after purchasing an additional 1,165,992 shares during the last quarter. TD Asset Management Inc. boosted its holdings in shares of Canadian National Railway by 4.1% in the 2nd quarter. TD Asset Management Inc. now owns 18,836,822 shares of the transportation company’s stock valued at $1,526,012,000 after purchasing an additional 740,664 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Canadian National Railway by 15.6% in the 1st quarter. OppenheimerFunds Inc. now owns 3,506,422 shares of the transportation company’s stock valued at $259,230,000 after purchasing an additional 472,909 shares during the last quarter. 54.45% of the stock is owned by institutional investors and hedge funds.

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Canadian National Railway Company (CNI) traded down 0.85% on Friday, reaching $81.91. 1,162,975 shares of the company’s stock were exchanged. The firm has a market capitalization of $61.51 billion, a price-to-earnings ratio of 19.58 and a beta of 1.11. The firm has a 50-day moving average of $80.33 and a 200-day moving average of $77.56. Canadian National Railway Company has a 12 month low of $61.72 and a 12 month high of $84.48.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be given a dividend of $0.3276 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.60%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s dividend payout ratio (DPR) is 34.38%.

A number of brokerages have weighed in on CNI. Cowen and Company reiterated a “buy” rating and issued a $83.00 price target on shares of Canadian National Railway in a report on Sunday. BidaskClub upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Credit Suisse Group reiterated a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a report on Tuesday, July 11th. Finally, 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 report on Thursday, June 15th. Fourteen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $80.69.

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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