Pekin Singer Strauss Asset Management IL cut 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 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other hedge funds and other institutional investors also recently bought and sold shares of CNI. Sky Investment Group LLC bought a new position in Canadian National Railway during the first quarter worth $214,000. Barometer Capital Management Inc. raised its position in Canadian National Railway by 37.1% in the first quarter. Barometer Capital Management Inc. now owns 368,080 shares of the transportation company’s stock worth $27,212,000 after buying an additional 99,680 shares in the last quarter. Boston Advisors LLC bought a new position in Canadian National Railway during the first quarter worth $415,000. Howland Capital Management LLC bought a new position in Canadian National Railway during the first quarter worth $206,000. Finally, Carderock Capital Management Inc. raised its position in Canadian National Railway by 0.6% in the first quarter. Carderock Capital Management Inc. now owns 22,808 shares of the transportation company’s stock worth $1,686,000 after buying an additional 147 shares in the last quarter. Institutional investors own 55.30% of the company’s stock.

Canadian National Railway Company (CNI) opened at 79.50 on Friday. Canadian National Railway Company has a 12 month low of $61.11 and a 12 month high of $84.48. The stock has a 50 day moving average price of $81.16 and a 200 day moving average price of $75.59. The stock has a market capitalization of $59.70 billion, a PE ratio of 19.62 and a beta of 1.11.

The firm also recently declared 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 yield of 1.65%. The ex-dividend date is Thursday, September 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s dividend payout ratio is presently 31.77%.

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A number of research firms have recently weighed in on CNI. Credit Suisse Group restated a “neutral” rating and issued 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 upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Tuesday, July 11th. BidaskClub lowered Canadian National Railway from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Stifel Nicolaus raised their target price on Canadian National Railway from $74.00 to $79.00 and gave the company a “hold” rating in a report on Thursday, June 15th. Finally, 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 report on Tuesday, April 25th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. Canadian National Railway 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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