Windward Capital Management Co. CA Increases Stake in Canadian National Railway Company (NYSE:CNI)

Windward Capital Management Co. CA raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.4% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 237,395 shares of the transportation company’s stock after buying an additional 3,233 shares during the period. Canadian National Railway makes up 3.3% of Windward Capital Management Co. CA’s holdings, making the stock its 7th largest position. Windward Capital Management Co. CA’s holdings in Canadian National Railway were worth $19,241,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP boosted its stake in shares of 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 worth $2,236,347,000 after buying an additional 2,227,390 shares during the period. FMR LLC boosted its stake in shares of Canadian National Railway by 0.8% in the first quarter. FMR LLC now owns 15,656,372 shares of the transportation company’s stock worth $1,155,641,000 after buying an additional 121,762 shares during the period. Vanguard Group Inc. boosted its stake in shares of 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 worth $1,075,107,000 after buying an additional 493,026 shares during the period. Beutel Goodman & Co Ltd. boosted its stake in Canadian National Railway by 4.2% in the first quarter. Beutel Goodman & Co Ltd. now owns 6,166,745 shares of the transportation company’s stock worth $454,413,000 after buying an additional 247,575 shares during the last quarter. Finally, Harding Loevner LP boosted its stake in Canadian National Railway by 2.1% in the first quarter. Harding Loevner LP now owns 5,736,670 shares of the transportation company’s stock worth $424,112,000 after buying an additional 119,655 shares during the last quarter. Institutional investors and hedge funds own 55.30% of the company’s stock.

Shares of Canadian National Railway Company (NYSE:CNI) traded up 0.59% during mid-day trading on Friday, hitting $79.50. 1,220,340 shares of the stock were exchanged. The company has a market cap of $59.70 billion, a P/E ratio of 19.62 and a beta of 1.11. The stock’s 50-day moving average price is $81.16 and its 200-day moving average price is $75.59. Canadian National Railway Company has a 52-week low of $61.11 and a 52-week high of $84.48.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be given a dividend of $0.3276 per share. The ex-dividend date is Thursday, September 7th. 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 yield of 1.65%. Canadian National Railway’s dividend payout ratio is currently 31.77%.

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A number of equities research analysts have recently commented on CNI shares. Cowen and Company increased their price target on shares of Canadian National Railway from $77.00 to $81.00 and gave the company an “outperform” rating in a report on Tuesday, April 25th. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $73.00 to $74.00 and gave the company a “hold” rating in a report on Tuesday, April 25th. Barclays PLC cut their price target on shares of Canadian National Railway from $71.00 to $69.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 25th. Credit Suisse Group reiterated a “neutral” rating and set a $78.00 price target (up previously from $77.00) on shares of Canadian National Railway in a report on Sunday, May 28th. Finally, BidaskClub upgraded shares of 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, fourteen have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus 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.

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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