Osher Van de Voorde Investment Management cut its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,320 shares of the transportation company’s stock after selling 2,500 shares during the period. Canadian National Railway accounts for 4.5% of Osher Van de Voorde Investment Management’s portfolio, making the stock its 9th largest holding. Osher Van de Voorde Investment Management’s holdings in Canadian National Railway were worth $8,374,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CNI. City Holding Co. raised its position in Canadian National Railway by 15.4% in the second quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock worth $106,000 after acquiring an additional 175 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Canadian National Railway by 0.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock worth $115,000 after acquiring an additional 12 shares during the period. UBS Asset Management Americas Inc. bought a new position in Canadian National Railway in the first quarter worth approximately $123,000. Proficio Capital Partners LLC raised its position in Canadian National Railway by 151.9% in the first quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock worth $135,000 after acquiring an additional 1,066 shares during the period. Finally, Nikko Asset Management Americas Inc. bought a new position in Canadian National Railway in the second quarter worth approximately $146,000. Institutional investors and hedge funds own 54.45% of the company’s stock.

Shares of Canadian National Railway Company (NYSE CNI) traded up 0.01% during mid-day trading on Monday, reaching $80.46. 149,071 shares of the company’s stock were exchanged. The stock has a market capitalization of $60.43 billion, a PE ratio of 19.23 and a beta of 1.13. Canadian National Railway Company has a 1-year low of $61.72 and a 1-year high of $84.48. The company’s 50 day moving average is $81.11 and its 200 day moving average is $78.39.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were given a dividend of $0.3276 per share. The ex-dividend date was Thursday, September 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 dividend on an annualized basis and a yield of 1.63%. Canadian National Railway’s dividend payout ratio is currently 34.38%.

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Several research firms have weighed in on CNI. Stifel Nicolaus reiterated a “hold” rating and issued a $89.00 price target on shares of Canadian National Railway in a research report on Friday. Zacks Investment Research downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Cowen and Company restated a “buy” rating and set a $83.00 price objective on shares of Canadian National Railway in a research report on Sunday, September 24th. BidaskClub upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Canadian National Railway in a research report on Friday, July 28th. Fifteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $82.47.

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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