Chevy Chase Trust Holdings Inc. Takes Position in Canadian National Railway Company (CNI)

Chevy Chase Trust Holdings Inc. acquired a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the second quarter, according to its most recent filing with the SEC. The firm acquired 2,952 shares of the transportation company’s stock, valued at approximately $237,000.

A number of other large investors have also modified their holdings of the stock. LVM Capital Management Ltd. MI boosted its stake in shares of Canadian National Railway by 0.5% in the first quarter. LVM Capital Management Ltd. MI now owns 8,534 shares of the transportation company’s stock worth $631,000 after buying an additional 40 shares during the last quarter. Atria Investments LLC boosted its stake in shares of Canadian National Railway by 0.7% in the second quarter. Atria Investments LLC now owns 6,121 shares of the transportation company’s stock worth $496,000 after buying an additional 41 shares during the last quarter. First National Bank of Hutchinson boosted its stake in shares of Canadian National Railway by 0.5% in the first quarter. First National Bank of Hutchinson now owns 9,656 shares of the transportation company’s stock worth $714,000 after buying an additional 48 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Canadian National Railway by 3.4% in the first quarter. Quadrant Capital Group LLC now owns 2,844 shares of the transportation company’s stock worth $200,000 after buying an additional 93 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC boosted its stake in shares of Canadian National Railway by 0.7% in the first quarter. Osborn Williams & Donohoe LLC now owns 14,100 shares of the transportation company’s stock worth $1,042,000 after buying an additional 100 shares during the last quarter. 55.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Canadian National Railway Company (NYSE CNI) traded up 0.59% during midday trading on Friday, hitting $79.50. 1,220,340 shares of the company were exchanged. The company’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 one year low of $61.11 and a one year high of $84.48. The firm has a market cap of $59.70 billion, a P/E ratio of 19.62 and a beta of 1.11.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a dividend of $0.3276 per share. This represents a $1.31 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, September 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s dividend payout ratio is 31.77%.

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Several research firms have issued reports on CNI. BidaskClub cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Credit Suisse Group reaffirmed a “neutral” rating on shares of Canadian National Railway in a research note on Friday, July 28th. Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research note on Tuesday, July 11th. Stifel Nicolaus raised their price target on shares of 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, 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. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average 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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