Pekin Singer Strauss Asset Management IL lowered its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,047 shares of the transportation company’s stock after selling 1,685 shares during the period. Pekin Singer Strauss Asset Management IL’s holdings in Canadian National Railway were worth $2,760,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its position in Canadian National Railway by 7.9% in the first quarter. Wellington Management Group LLP now owns 30,335,430 shares of the transportation company’s stock valued at $2,236,347,000 after buying an additional 2,227,390 shares in the last quarter. William Blair Investment Management LLC raised its position in Canadian National Railway by 54.1% in the first quarter. William Blair Investment Management LLC now owns 3,322,147 shares of the transportation company’s stock valued at $244,625,000 after buying an additional 1,165,992 shares in the last quarter. TD Asset Management Inc. raised its position in Canadian National Railway by 4.1% in the second quarter. TD Asset Management Inc. now owns 18,836,822 shares of the transportation company’s stock valued at $1,526,012,000 after buying an additional 740,664 shares in the last quarter. Vanguard Group Inc. raised its position in Canadian National Railway by 3.5% in the first quarter. Vanguard Group Inc. now owns 14,542,225 shares of the transportation company’s stock valued at $1,075,107,000 after buying an additional 493,026 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in Canadian National Railway by 15.6% in the first quarter. OppenheimerFunds Inc. now owns 3,506,422 shares of the transportation company’s stock valued at $259,230,000 after buying an additional 472,909 shares in the last quarter. Hedge funds and other institutional investors own 55.30% of the company’s stock.

Canadian National Railway Company (NYSE CNI) opened at 79.50 on Friday. The company’s 50-day moving average is $81.16 and its 200 day moving average is $75.59. Canadian National Railway Company has a one year low of $61.11 and a one year high of $84.48. The stock has a market capitalization of $59.70 billion, a price-to-earnings ratio of 19.62 and a beta of 1.11.

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

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CNI has been the subject of several recent research reports. Cowen and Company lifted 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. Stifel Nicolaus lifted their price target on Canadian National Railway from $73.00 to $74.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Barclays PLC dropped their price target on Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 25th. Credit Suisse Group reiterated a “neutral” rating and issued a $78.00 price target (up previously from $77.00) on shares of Canadian National Railway in a research report on Sunday, May 28th. Finally, BidaskClub upgraded Canadian National Railway from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $80.56.

About Canadian National Railway

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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