UBS Asset Management Americas Inc. purchased a new position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,660 shares of the transportation company’s stock, valued at approximately $123,000.

Several other large investors also recently modified their holdings of CNI. Burt Wealth Advisors raised its stake in shares of Canadian National Railway by 1,713.2% in the first quarter. Burt Wealth Advisors now owns 2,611 shares of the transportation company’s stock worth $193,000 after buying an additional 2,467 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of 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 during the last quarter. Howland Capital Management LLC bought a new stake in shares of Canadian National Railway during the first quarter worth approximately $206,000. Sky Investment Group LLC bought a new stake in shares of Canadian National Railway during the first quarter worth approximately $214,000. Finally, Raymond James Trust N.A. bought a new stake in shares of Canadian National Railway during the first quarter worth approximately $222,000. Institutional investors and hedge funds own 55.30% of the company’s stock.

Canadian National Railway Company (NYSE:CNI) opened at 79.32 on Monday. 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 $59.57 billion, a price-to-earnings ratio of 19.65 and a beta of 1.11. The stock’s 50 day moving average is $81.24 and its 200 day moving average is $75.14.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a $0.3276 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.65%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Thursday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is 31.77%.

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CNI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Tuesday, July 11th. BidaskClub lowered shares of Canadian National Railway from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Barclays PLC restated an “equal weight” rating and set a $81.00 price objective (up from $69.00) on shares of Canadian National Railway in a report on Wednesday, May 17th. Stifel Nicolaus raised their price objective on shares of Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a report on Thursday, June 15th. Finally, Credit Suisse Group restated a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus 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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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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