Canadian National Railway Company (CNI) Shares Sold by Carroll Financial Associates Inc.

Carroll Financial Associates Inc. decreased its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 1.5% during the second quarter, Holdings Channel reports. The fund owned 1,613 shares of the transportation company’s stock after selling 25 shares during the period. Carroll Financial Associates Inc.’s holdings in Canadian National Railway were worth $130,000 at the end of the most recent quarter.

Other large investors have also 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 during 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 during the last quarter. UBS Asset Management Americas Inc. acquired 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 during 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 during the last quarter. Institutional investors own 55.16% of the company’s stock.

Shares of Canadian National Railway Company (NYSE:CNI) traded up 0.41% during mid-day trading on Friday, hitting $79.12. The stock had a trading volume of 1,003,750 shares. The stock’s 50-day moving average price is $81.24 and its 200-day moving average price is $74.94. The firm has a market cap of $59.42 billion, a PE ratio of 19.60 and a beta of 1.12. Canadian National Railway Company has a 52-week low of $61.11 and a 52-week high of $84.48.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.3276 per share. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change 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 1.66%. Canadian National Railway’s payout ratio is currently 31.77%.

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CNI has been the topic of several research analyst reports. 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 research report on Tuesday, July 11th. BidaskClub downgraded Canadian National Railway from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Barclays PLC reaffirmed 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 reaffirmed a “neutral” rating on shares of Canadian National Railway in a research note on Friday. Fifteen research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $80.56.

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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