Shell Asset Management Co. Buys 84,566 Shares of Canadian National Railway Company (CNI)

Shell Asset Management Co. increased its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 61.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 223,006 shares of the transportation company’s stock after purchasing an additional 84,566 shares during the period. Shell Asset Management Co.’s holdings in Canadian National Railway were worth $17,731,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hall Laurie J Trustee lifted its holdings in shares of Canadian National Railway by 4.1% in the 2nd quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock worth $103,000 after purchasing an additional 50 shares during the last quarter. City Holding Co. lifted its holdings in shares of Canadian National Railway by 15.4% in the 2nd quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock worth $106,000 after purchasing an additional 175 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Canadian National Railway by 0.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock worth $115,000 after purchasing an additional 12 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $123,000. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Canadian National Railway by 151.9% in the 1st quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock worth $135,000 after purchasing an additional 1,066 shares during the last quarter. 54.44% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on CNI shares. BidaskClub downgraded Canadian National Railway from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “neutral” rating and set a $84.00 price target (up from $78.00) on shares of Canadian National Railway in a research report on Thursday, July 13th. They noted that the move was a valuation call. Cowen and Company reiterated a “buy” rating and set a $83.00 price target on shares of Canadian National Railway in a research report on Sunday, September 24th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $89.00 target price on shares of Canadian National Railway in a report on Friday, October 6th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $82.47.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/20/shell-asset-management-co-buys-84566-shares-of-canadian-national-railway-company-cni.html.

Canadian National Railway Company (CNI) traded down 0.81% during trading on Friday, hitting $81.54. The stock had a trading volume of 603,218 shares. The stock has a 50 day moving average price of $81.44 and a 200 day moving average price of $78.90. The company has a market capitalization of $61.24 billion, a price-to-earnings ratio of 19.49 and a beta of 1.13. Canadian National Railway Company has a 12-month low of $61.72 and a 12-month high of $84.48.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.3276 dividend. This is an increase from Canadian National Railway’s previous

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hall Laurie J Trustee lifted its holdings in shares of Canadian National Railway by 4.1% in the 2nd quarter. Hall Laurie J Trustee now owns 1,275 shares of the transportation company’s stock worth $103,000 after purchasing an additional 50 shares during the last quarter. City Holding Co. lifted its holdings in shares of Canadian National Railway by 15.4% in the 2nd quarter. City Holding Co. now owns 1,313 shares of the transportation company’s stock worth $106,000 after purchasing an additional 175 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in shares of Canadian National Railway by 0.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock worth $115,000 after purchasing an additional 12 shares during the last quarter. UBS Asset Management Americas Inc. bought a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $123,000. Finally, Proficio Capital Partners LLC lifted its holdings in shares of Canadian National Railway by 151.9% in the 1st quarter. Proficio Capital Partners LLC now owns 1,768 shares of the transportation company’s stock worth $135,000 after purchasing an additional 1,066 shares during the last quarter. 54.44% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on CNI shares. BidaskClub downgraded Canadian National Railway from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Tuesday, July 11th. Credit Suisse Group reiterated a “neutral” rating and set a $84.00 price target (up from $78.00) on shares of Canadian National Railway in a research report on Thursday, July 13th. They noted that the move was a valuation call. Cowen and Company reiterated a “buy” rating and set a $83.00 price target on shares of Canadian National Railway in a research report on Sunday, September 24th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $89.00 target price on shares of Canadian National Railway in a report on Friday, October 6th. Fourteen equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $82.47.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://ledgergazette.com/2017/10/20/shell-asset-management-co-buys-84566-shares-of-canadian-national-railway-company-cni.html.

Canadian National Railway Company (CNI) traded down 0.81% during trading on Friday, hitting $81.54. The stock had a trading volume of 603,218 shares. The stock has a 50 day moving average price of $81.44 and a 200 day moving average price of $78.90. The company has a market capitalization of $61.24 billion, a price-to-earnings ratio of 19.49 and a beta of 1.13. Canadian National Railway Company has a 12-month low of $61.72 and a 12-month high of $84.48.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were paid a $0.3276 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is 34.38%.

Canadian National Railway 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.

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

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