Atlantic Trust Group LLC continued to hold its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,225 shares of the transportation company’s stock at the close of the second quarter. Atlantic Trust Group LLC’s holdings in Canadian National Railway were worth $3,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors also recently bought and sold shares of CNI. Eqis Capital Management Inc. purchased a new position in shares of Canadian National Railway in the 1st quarter valued at $239,000. Bank of New York Mellon Corp raised its stake in shares of Canadian National Railway by 4.6% in the 1st quarter. Bank of New York Mellon Corp now owns 925,088 shares of the transportation company’s stock valued at $68,393,000 after acquiring an additional 40,603 shares during the period. Suntrust Banks Inc. raised its stake in shares of Canadian National Railway by 17.4% in the 1st quarter. Suntrust Banks Inc. now owns 8,333 shares of the transportation company’s stock valued at $615,000 after acquiring an additional 1,236 shares during the period. UBS Asset Management Americas Inc. purchased a new position in shares of Canadian National Railway in the 1st quarter valued at $123,000. Finally, Northstar Investment Advisors LLC raised its stake in shares of Canadian National Railway by 4.3% in the 1st quarter. Northstar Investment Advisors LLC now owns 111,771 shares of the transportation company’s stock valued at $8,263,000 after acquiring an additional 4,636 shares during the period. 54.45% of the stock is currently owned by institutional investors.
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Shares of Canadian National Railway Company (NYSE CNI) opened at 81.91 on Friday. The firm’s 50 day moving average is $80.33 and its 200-day moving average is $77.56. The company has a market capitalization of $61.51 billion, a P/E ratio of 19.58 and a beta of 1.11. 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 dividend of $0.3276 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Thursday, September 7th. Canadian National Railway’s payout ratio is 34.38%.
CNI has been the topic of a number of research reports. BidaskClub raised shares of Canadian National Railway from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, June 13th. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Tuesday, July 11th. Stifel Nicolaus raised 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. Finally, Credit Suisse Group reissued a “neutral” rating and set a $78.00 price objective (up from $77.00) on shares of Canadian National Railway in a report on Sunday, May 28th. Fourteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Canadian National Railway has an average rating of “Hold” and a consensus price target 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.
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