WCM Investment Management CA raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 724,193 shares of the transportation company’s stock after buying an additional 45,312 shares during the period. Canadian National Railway accounts for approximately 0.9% of WCM Investment Management CA’s holdings, making the stock its 18th largest position. WCM Investment Management CA’s holdings in Canadian National Railway were worth $58,696,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNI. Broderick Brian C boosted its position in shares of Canadian National Railway by 0.7% in the first quarter. Broderick Brian C now owns 111,198 shares of the transportation company’s stock worth $8,220,000 after buying an additional 748 shares in the last quarter. Pinnacle Associates Ltd. boosted its position in shares of Canadian National Railway by 2.1% in the first quarter. Pinnacle Associates Ltd. now owns 142,901 shares of the transportation company’s stock worth $10,565,000 after buying an additional 3,005 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of Canadian National Railway by 9.9% in the first quarter. AQR Capital Management LLC now owns 468,923 shares of the transportation company’s stock worth $34,514,000 after buying an additional 42,354 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Canadian National Railway by 2.3% in the first quarter. JPMorgan Chase & Co. now owns 1,405,864 shares of the transportation company’s stock worth $103,935,000 after buying an additional 31,746 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Canadian National Railway by 16.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 13,028 shares of the transportation company’s stock worth $963,000 after buying an additional 1,840 shares in the last quarter. Hedge funds and other institutional investors own 55.56% of the company’s stock.

Canadian National Railway Company (CNI) traded down 0.14% on Thursday, reaching $80.26. 46,804 shares of the company traded hands. The stock has a 50-day moving average of $81.12 and a 200 day moving average of $75.84. The company has a market capitalization of $60.28 billion, a PE ratio of 19.81 and a beta of 1.11. Canadian National Railway Company has a 52-week low of $61.11 and a 52-week high of $84.48.

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is currently 31.77%.

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A number of research analysts have commented on CNI shares. Cowen and Company raised their price target on shares of Canadian National Railway from $77.00 to $81.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 25th. Credit Suisse Group restated a “neutral” rating and set a $84.00 price target (up previously from $78.00) on shares of Canadian National Railway in a research note on Thursday, July 13th. They noted that the move was a valuation call. BidaskClub cut shares of Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC cut their price target on shares of Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 25th. Finally, Stifel Nicolaus raised their price target on shares of Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, June 15th. Fourteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price 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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