DekaBank Deutsche Girozentrale trimmed its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,708 shares of the transportation company’s stock after selling 2,658 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Canadian National Railway were worth $7,701,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. UBS Asset Management Americas Inc. purchased a new position in shares of Canadian National Railway during the first quarter valued at approximately $123,000. Dimensional Fund Advisors LP raised its holdings in shares of Canadian National Railway by 9.1% during the first quarter. Dimensional Fund Advisors LP now owns 253,063 shares of the transportation company’s stock valued at $18,709,000 after purchasing an additional 21,155 shares during the last quarter. Chevy Chase Trust Holdings Inc. purchased a new position in shares of Canadian National Railway during the second quarter valued at approximately $237,000. Aperio Group LLC raised its holdings in shares of Canadian National Railway by 10.3% during the second quarter. Aperio Group LLC now owns 204,031 shares of the transportation company’s stock valued at $16,537,000 after purchasing an additional 19,031 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Canadian National Railway by 0.8% during the second quarter. US Bancorp DE now owns 242,267 shares of the transportation company’s stock valued at $19,636,000 after purchasing an additional 1,994 shares during the last quarter. 54.42% of the stock is owned by hedge funds and other institutional investors.

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CNI has been the subject of several research reports. 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. Desjardins raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. The Goldman Sachs Group, Inc. initiated coverage on shares of Canadian National Railway in a report on Monday, November 13th. They set a “buy” rating and a $85.00 price objective for the company. 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. Finally, Zacks Investment Research cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $79.67.

Canadian National Railway Company (NYSE CNI) traded down $0.24 on Friday, hitting $79.77. 677,351 shares of the company’s stock were exchanged, compared to its average volume of 1,051,335. The company has a market capitalization of $59,910.00, a price-to-earnings ratio of 20.77, a P/E/G ratio of 2.16 and a beta of 1.11. Canadian National Railway Company has a fifty-two week low of $63.71 and a fifty-two week high of $84.48. The company has a current ratio of 0.61, a quick ratio of 0.49 and a debt-to-equity ratio of 0.58.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 8th will be given a $0.3304 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Thursday, December 7th. Canadian National Railway’s dividend payout ratio is presently 33.00%.

Canadian National Railway declared that its board has authorized a share buyback program on Tuesday, October 24th that permits the company to repurchase 31,000,000 shares. This repurchase authorization permits the transportation company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.

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

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