Keybank National Association OH Has $3,088,000 Position in Canadian National Railway Company (CNI)

Keybank National Association OH boosted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 7.7% during the fourth quarter, Holdings Channel reports. The fund owned 45,822 shares of the company’s stock after buying an additional 3,275 shares during the period. Keybank National Association OH’s holdings in Canadian National Railway Company were worth $3,088,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CNI. Gardiner Nancy B increased its position in shares of Canadian National Railway Company by 15.6% in the second quarter. Gardiner Nancy B now owns 16,475 shares of the company’s stock valued at $973,000 after buying an additional 2,225 shares during the last quarter. WCM Investment Management CA increased its position in shares of Canadian National Railway Company by 13.2% in the second quarter. WCM Investment Management CA now owns 451,524 shares of the company’s stock valued at $26,667,000 after buying an additional 52,741 shares during the last quarter. I.G. Investment Management LTD. increased its position in shares of Canadian National Railway Company by 20.4% in the second quarter. I.G. Investment Management LTD. now owns 4,893,378 shares of the company’s stock valued at $288,984,000 after buying an additional 830,044 shares during the last quarter. Reynders McVeigh Capital Management LLC increased its position in shares of Canadian National Railway Company by 6.5% in the second quarter. Reynders McVeigh Capital Management LLC now owns 280,130 shares of the company’s stock valued at $16,544,000 after buying an additional 17,157 shares during the last quarter. Finally, Cidel Asset Management Inc. increased its position in shares of Canadian National Railway Company by 0.8% in the second quarter. Cidel Asset Management Inc. now owns 546,970 shares of the company’s stock valued at $32,077,000 after buying an additional 4,251 shares during the last quarter. 55.16% of the stock is owned by hedge funds and other institutional investors.

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

Canadian National Railway Company (NYSE:CNI) traded down 0.17% during trading on Friday, reaching $71.44. The company had a trading volume of 287,201 shares. The company has a market capitalization of $54.32 billion, a P/E ratio of 20.10 and a beta of 1.07. The stock has a 50 day moving average of $69.74 and a 200-day moving average of $66.18. Canadian National Railway Company has a 12 month low of $55.27 and a 12 month high of $71.83.

Canadian National Railway Company (NYSE:CNI) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $1.23 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.32. Canadian National Railway Company had a return on equity of 24.02% and a net margin of 30.29%. The company earned $3.22 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the company earned $1.18 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Equities research analysts expect that Canadian National Railway Company will post $3.76 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be given a $0.3097 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.73%. This is an increase from Canadian National Railway Company’s previous quarterly dividend of $0.28. Canadian National Railway Company’s dividend payout ratio (DPR) is currently 31.73%.

“Keybank National Association OH Has $3,088,000 Position in Canadian National Railway Company (CNI)” was first reported by Web Breaking News and is the property of of Web Breaking News. If you are reading this article on another site, it was stolen and reposted in violation of US and international trademark & copyright law. The legal version of this article can be accessed at http://www.webbreakingnews.com/2017/02/17/keybank-national-association-oh-has-3088000-position-in-canadian-national-railway-company-cni.html.

Several research analysts recently weighed in on the stock. Citigroup Inc. boosted their target price on shares of Canadian National Railway Company from $66.00 to $72.00 and gave the company a “neutral” rating in a research note on Wednesday, January 25th. Credit Suisse Group cut their target price on shares of Canadian National Railway Company from $72.00 to $70.00 and set a “neutral” rating for the company in a research note on Wednesday, January 25th. Bank of America Corporation raised shares of Canadian National Railway Company from an “underperform” rating to a “neutral” rating in a research note on Thursday, January 12th. Zacks Investment Research raised shares of Canadian National Railway Company from a “hold” rating to a “buy” rating and set a $80.00 target price for the company in a research note on Wednesday, January 18th. Finally, Raymond James Financial, Inc. raised shares of Canadian National Railway Company from a “market perform” rating to an “outperform” rating in a research note on Wednesday, January 4th. One analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $76.95.

Canadian National Railway Company Company Profile

Canadian National Railway Co is a Canada based company, engaged in the rail and related transportation business. Its 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. Its freight includes approximately seven commodity groups, such as petroleum and chemicals, metals and minerals, forest products, coal, grain and fertilizers, intermodal and automotive.

5 Day Chart for NYSE:CNI

Want to see what other hedge funds are holding CNI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Canadian National Railway Company (NYSE:CNI) (TSE:CNR).

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