Canadian National Railway Company (NYSE:CNI) Shares Bought by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. boosted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 86,449 shares of the transportation company’s stock after buying an additional 160 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in Canadian National Railway were worth $7,007,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its stake in shares of Canadian National Railway by 598.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,404 shares of the transportation company’s stock valued at $104,000 after buying an additional 1,203 shares in the last quarter. City Holding Co. raised its stake in shares of Canadian National Railway by 15.4% in the second quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock valued at $106,000 after buying an additional 175 shares in the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Canadian National Railway during the first quarter valued at approximately $123,000. Proficio Capital Partners LLC raised its stake in shares of Canadian National Railway by 151.9% in the first quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock valued at $135,000 after buying an additional 1,066 shares in the last quarter. Finally, SRS Capital Advisors Inc. raised its stake in shares of Canadian National Railway by 14.4% in the first quarter. SRS Capital Advisors Inc. now owns 2,324 shares of the transportation company’s stock valued at $171,000 after buying an additional 293 shares in the last quarter. Institutional investors own 55.56% 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 firm’s 50-day moving average price is $80.99 and its 200-day moving average price is $75.94. The company has a market cap of $59.70 billion, a P/E ratio of 19.62 and a beta of 1.11.

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 issued a dividend of $0.3276 per share. This represents a $1.31 dividend on an annualized basis and a yield of 1.65%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, September 7th. Canadian National Railway’s payout ratio is presently 31.77%.

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Several equities research analysts have commented on CNI shares. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target for the company 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. Barclays PLC restated an “equal weight” rating and set a $81.00 price target (up from $69.00) on shares of Canadian National Railway in a research note on Wednesday, May 17th. Stifel Nicolaus upped their price target on Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a research note on Thursday, June 15th. Finally, Credit Suisse Group reiterated a “neutral” rating on shares of Canadian National Railway in a research note on Friday, July 28th. Fourteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently 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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