Bradley Foster & Sargent Inc. CT reduced its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.5% during the third quarter, Holdings Channel reports. The institutional investor owned 140,830 shares of the company’s stock after selling 675 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Canadian National Railway Company were worth $9,210,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CNI. Pinkerton Retirement Specialists LLC acquired a new stake in shares of Canadian National Railway Company during the second quarter worth approximately $104,000. Carroll Financial Associates Inc. increased its stake in shares of Canadian National Railway Company by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,638 shares of the company’s stock worth $107,000 after buying an additional 132 shares in the last quarter. Armbruster Capital Management Inc. increased its stake in shares of Canadian National Railway Company by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock worth $130,000 after buying an additional 800 shares in the last quarter. Quadrant Capital Group LLC increased its stake in shares of Canadian National Railway Company by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 2,680 shares of the company’s stock worth $149,000 after buying an additional 104 shares in the last quarter. Finally, Liberty Capital Management Inc. acquired a new stake in shares of Canadian National Railway Company during the third quarter worth approximately $158,000. 54.27% of the stock is owned by institutional investors and hedge funds.

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

Shares of Canadian National Railway Company (NYSE:CNI) opened at 70.56 on Friday. The company has a 50-day moving average price of $68.09 and a 200 day moving average price of $64.64. Canadian National Railway Company has a one year low of $46.23 and a one year high of $71.15. The company has a market capitalization of $54.07 billion, a price-to-earnings ratio of 20.63 and a beta of 1.01.

Canadian National Railway Company (NYSE:CNI) last posted its quarterly earnings results on Tuesday, October 25th. The company reported $1.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.33. Canadian National Railway Company had a net margin of 29.78% and a return on equity of 23.70%. The business had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the prior year, the business posted $1.26 earnings per share. Canadian National Railway Company’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, analysts forecast that Canadian National Railway Company will post $3.46 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 9th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 1.59%. The ex-dividend date was Wednesday, December 7th. Canadian National Railway Company’s payout ratio is 32.75%.

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CNI has been the subject of a number of recent analyst reports. Loop Capital initiated coverage on Canadian National Railway Company in a research report on Monday, September 26th. They issued a “hold” rating and a $64.00 price objective for the company. Desjardins reissued a “hold” rating and set a $92.00 price target (up previously from $86.00) on shares of Canadian National Railway Company in a research report on Wednesday, October 26th. Vertical Research assumed coverage on Canadian National Railway Company in a research report on Tuesday, October 11th. They set a “hold” rating for the company. TD Securities reissued a “hold” rating and set a $90.00 price target on shares of Canadian National Railway Company in a research report on Saturday, October 8th. Finally, Stifel Nicolaus boosted their price target on Canadian National Railway Company from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. Canadian National Railway Company has a consensus rating of “Hold” and an average target price of $76.76.

About Canadian National Railway Company

Canadian National Railway Co 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. The Company’s freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

5 Day Chart for NYSE:CNI

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