Bridgewater Associates LP bought a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 149,122 shares of the transportation company’s stock, valued at approximately $12,067,000.

A number of other institutional investors also recently modified their holdings of CNI. Wellington Management Group LLP increased its holdings 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 increased its holdings 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. increased its holdings 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. increased its holdings 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. increased its holdings 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. 54.49% of the stock is owned by institutional investors.

Shares of Canadian National Railway Company (NYSE CNI) traded down 1.10% during mid-day trading on Wednesday, reaching $80.95. 447,490 shares of the company were exchanged. The company’s 50 day moving average price is $80.04 and its 200 day moving average price is $77.10. Canadian National Railway Company has a 12 month low of $61.11 and a 12 month high of $84.48. The firm has a market capitalization of $60.79 billion, a PE ratio of 20.19 and a beta of 1.11.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.3276 dividend. This is an increase 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 1.60%. The ex-dividend date is Thursday, September 7th. Canadian National Railway’s payout ratio is presently 34.38%.

A number of research analysts have issued reports on the stock. BidaskClub raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Credit Suisse Group reaffirmed a “neutral” rating on shares of Canadian National Railway in a report on Friday, July 28th. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 target price for the company in a report on Tuesday, July 11th. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $74.00 to $79.00 and gave the company a “hold” rating in a report on Thursday, June 15th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a $81.00 target price (up from $69.00) on shares of Canadian National Railway in a report on Wednesday, May 17th. Fourteen analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $80.56.

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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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