2 weeks Ago By ABMN Staff
Mackenzie Financial Corp trimmed its position in Canadian National Railway ( NYSE:CNI – Free Report ) (TSE:CNR) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,234,132 shares of the transportation company’s stock after selling 191,202 shares during the quarter.
Canadian National Railway makes up approximately 1.6% of Mackenzie Financial Corp’s portfolio, making the stock its 7th biggest holding. Mackenzie Financial Corp owned approximately 1.
46% of Canadian National Railway worth $1,091,300,000 at the end of the most recent reporting period. A number of other institutional investors and hedge funds have also recently modified their holdings of CNI. Thurston Springer Miller Herd & Titak Inc.
bought a new position in Canadian National Railway in the 2nd quarter worth about $26,000. GAMMA Investing LLC raised its stake in Canadian National Railway by 766.7% in the first quarter.
GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. Addison Advisors LLC lifted its position in Canadian National Railway by 159.1% during the second quarter.
Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares during the last quarter. ORG Partners LLC bought a new stake in Canadian National Railway during the second quarter valued at approximately $34,000. Finally, Daiwa Securities Group Inc.
bought a new position in shares of Canadian National Railway in the 1st quarter worth $64,000. 80.74% of the stock is owned by hedge funds and other institutional investors.
Canadian National Railway Stock Up 0.9 % NYSE CNI opened at $116.78 on Friday.
The business’s 50-day moving average is $115.80 and its 200 day moving average is $121.88.
The stock has a market capitalization of $73.54 billion, a PE ratio of 18.63, a PEG ratio of 2.
50 and a beta of 0.88. The company has a debt-to-equity ratio of 0.
93, a current ratio of 0.63 and a quick ratio of 0.48.
Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.
Canadian National Railway Cuts Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a $0.614 dividend.
The ex-dividend date is Friday, September 6th. This represents a $2.46 annualized dividend and a dividend yield of 2.
10%. Canadian National Railway’s dividend payout ratio is 39.08%.
Analyst Upgrades and Downgrades A number of research firms have recently issued reports on CNI. Wells Fargo & Company dropped their price objective on shares of Canadian National Railway from $130.00 to $125.
00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Stephens decreased their price objective on Canadian National Railway from $127.00 to $122.
00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Susquehanna cut their target price on Canadian National Railway from $135.00 to $130.
00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Finally, Barclays upped their price objective on shares of Canadian National Railway from $120.
00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday. Sixteen research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock.
Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $135.24.
Read Our Latest Analysis on CNI About Canadian National Railway ( Free Report ) Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks. Featured Articles 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 ( NYSE:CNI – Free Report ) (TSE:CNR). Receive News & Ratings for Canadian National Railway Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canadian National Railway and related companies with MarketBeat.com's FREE daily email newsletter .
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