Gotham Asset Management LLC lifted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 146.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,228 shares of the transportation company’s stock after purchasing an additional 31,066 shares during the quarter. Gotham Asset Management LLC’s holdings in Canadian National Railway were worth $4,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CNI. Vanguard Group Inc. grew its holdings in shares of Canadian National Railway by 15.5% during the second quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock worth $1,361,140,000 after purchasing an additional 2,251,612 shares in the last quarter. William Blair Investment Management LLC grew its holdings in shares of Canadian National Railway by 34.7% during 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 purchasing an additional 1,152,495 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Canadian National Railway by 4.1% during 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 purchasing an additional 740,664 shares in the last quarter. Harding Loevner LP grew its holdings in shares of Canadian National Railway by 7.4% during the second quarter. Harding Loevner LP now owns 6,159,203 shares of the transportation company’s stock worth $499,203,000 after purchasing an additional 422,533 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Canadian National Railway by 12.2% during the second quarter. Legal & General Group Plc now owns 3,552,995 shares of the transportation company’s stock worth $276,851,000 after purchasing an additional 386,552 shares in the last quarter. 54.45% of the stock is owned by institutional investors.

Several brokerages have recently commented on CNI. Stifel Nicolaus reissued a “hold” rating and set a $89.00 price objective on shares of Canadian National Railway in a report on Friday, October 6th. Credit Suisse Group reissued a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. BidaskClub raised Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, Cowen and Company reissued a “buy” rating and set a $83.00 price objective on shares of Canadian National Railway in a report on Sunday, September 24th. Fourteen investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $82.47.

Shares of Canadian National Railway Company (CNI) opened at 80.88 on Friday. The stock’s 50 day moving average price is $81.24 and its 200-day moving average price is $78.65. The stock has a market cap of $60.74 billion, a price-to-earnings ratio of 19.34 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 also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 8th were paid a $0.3276 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a yield of 1.62%. Canadian National Railway’s payout ratio is presently 34.38%.

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Canadian National Railway 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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