Private Trust Co. NA Takes Position in Canadian National Railway Company (CNI)

Private Trust Co. NA bought a new position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,538 shares of the transportation company’s stock, valued at approximately $205,000.

A number of other hedge funds also recently bought and sold shares of CNI. LVM Capital Management Ltd. MI raised its stake in Canadian National Railway by 0.5% in the first quarter. LVM Capital Management Ltd. MI now owns 8,534 shares of the transportation company’s stock worth $631,000 after buying an additional 40 shares in the last quarter. Quadrant Capital Group LLC raised its stake in Canadian National Railway by 3.4% in the first quarter. Quadrant Capital Group LLC now owns 2,844 shares of the transportation company’s stock worth $200,000 after buying an additional 93 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in Canadian National Railway by 1.3% in the first quarter. Gulf International Bank UK Ltd now owns 239,150 shares of the transportation company’s stock worth $17,626,000 after buying an additional 3,100 shares in the last quarter. Douglass Winthrop Advisors LLC raised its stake in Canadian National Railway by 0.3% in the first quarter. Douglass Winthrop Advisors LLC now owns 505,743 shares of the transportation company’s stock worth $37,390,000 after buying an additional 1,523 shares in the last quarter. Finally, Creative Planning raised its stake in Canadian National Railway by 14.3% in the first quarter. Creative Planning now owns 13,089 shares of the transportation company’s stock worth $968,000 after buying an additional 1,636 shares in the last quarter. Institutional investors own 55.30% of the company’s stock.

Canadian National Railway Company (CNI) traded up 0.29% on Tuesday, reaching $80.08. 1,055,881 shares of the company’s stock were exchanged. Canadian National Railway Company has a 1-year low of $61.11 and a 1-year high of $84.48. The firm has a market capitalization of $60.14 billion, a price-to-earnings ratio of 19.84 and a beta of 1.11. The stock’s 50 day moving average price is $81.27 and its 200 day moving average price is $75.24.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.3276 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Thursday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.77%.

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A number of analysts have weighed in on the company. Credit Suisse Group restated a “neutral” rating and set a $84.00 target price (up previously from $78.00) on shares of Canadian National Railway in a report on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, July 11th. BidaskClub downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus upped their price target on Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a research report on Thursday, June 15th. Finally, Cowen and Company upped their price target on Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average 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.

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

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