Macquarie Group Ltd. maintained its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,745 shares of the transportation company’s stock at the close of the second quarter. Macquarie Group Ltd.’s holdings in Canadian National Railway were worth $4,032,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Broderick Brian C boosted its stake in Canadian National Railway by 0.7% during 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 during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in Canadian National Railway during the second quarter worth $2,293,000. Eaton Vance Management boosted its stake in Canadian National Railway by 5,323.4% during the second quarter. Eaton Vance Management now owns 203,757 shares of the transportation company’s stock worth $16,515,000 after buying an additional 200,000 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Canadian National Railway by 5.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 122,795 shares of the transportation company’s stock worth $9,952,000 after buying an additional 5,955 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Canadian National Railway by 9.9% during 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 during the last quarter. 54.44% of the stock is currently owned by institutional investors.

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CNI has been the topic of a number of recent research reports. Zacks Investment Research raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Tuesday, July 11th. BidaskClub lowered Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Cowen and Company reissued a “buy” rating and set a $83.00 price objective on shares of Canadian National Railway in a research note on Sunday, September 24th. Stifel Nicolaus reissued a “hold” rating and set a $89.00 price objective on shares of Canadian National Railway in a research note on Friday, October 6th. Finally, Credit Suisse Group reissued a “neutral” rating on shares of Canadian National Railway in a research note on Friday, July 28th. Fourteen analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $82.47.

Canadian National Railway Company (CNI) opened at 82.21 on Friday. The stock has a 50 day moving average price of $81.44 and a 200 day moving average price of $78.90. Canadian National Railway Company has a 52 week low of $61.72 and a 52 week high of $84.48. The firm has a market cap of $61.74 billion, a price-to-earnings ratio of 19.65 and a beta of 1.13.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 8th were given a $0.3276 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 1.59%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s payout ratio is currently 34.38%.

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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