Smithbridge Asset Management Inc. DE continued to hold its position in Canadian National Railway Co. (NYSE:CNI) (TSE:CNR) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,430 shares of the company’s stock at the end of the third quarter. Canadian National Railway makes up 2.0% of Smithbridge Asset Management Inc. DE’s portfolio, making the stock its 24th largest position. Smithbridge Asset Management Inc. DE’s holdings in Canadian National Railway were worth $2,186,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of CNI. Carroll Financial Associates Inc. boosted its position in Canadian National Railway by 8.8% in the third quarter. Carroll Financial Associates Inc. now owns 1,638 shares of the company’s stock valued at $107,000 after buying an additional 132 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in Canadian National Railway by 81.9% in the second quarter. Kistler Tiffany Companies LLC now owns 1,699 shares of the company’s stock valued at $100,000 after buying an additional 765 shares during the last quarter. Pinkerton Retirement Specialists LLC bought a new position in Canadian National Railway during the second quarter valued at $104,000. Armbruster Capital Management Inc. raised its position in Canadian National Railway by 57.1% in the second quarter. Armbruster Capital Management Inc. now owns 2,200 shares of the company’s stock valued at $130,000 after buying an additional 800 shares during the last quarter. Finally, Liberty Capital Management Inc. bought a new position in Canadian National Railway during the third quarter valued at $158,000. Institutional investors and hedge funds own 54.22% of the company’s stock.

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

Canadian National Railway Co. (NYSE:CNI) traded up 0.24% during mid-day trading on Tuesday, reaching $66.79. The company had a trading volume of 737,862 shares. The stock has a market capitalization of $51.18 billion, a PE ratio of 19.90 and a beta of 1.00. The company’s 50-day moving average is $64.76 and its 200-day moving average is $62.62. Canadian National Railway Co. has a one year low of $46.23 and a one year high of $67.66.

Canadian National Railway (NYSE:CNI) last issued its quarterly earnings data on Tuesday, October 25th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $0.92 by $0.33. The firm earned $3.01 billion during the quarter, compared to the consensus estimate of $2.39 billion. Canadian National Railway had a return on equity of 23.70% and a net margin of 29.78%. The company’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.26 earnings per share. Equities research analysts anticipate that Canadian National Railway Co. will post $3.35 earnings per share for the current year.

The business also recently disclosed a dividend, which will be paid on Friday, December 30th. Stockholders of record on Friday, December 9th will be paid a $0.28 dividend. The ex-dividend date is Wednesday, December 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 33.33%.

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Several research firms have weighed in on CNI. Citigroup Inc. increased their target price on Canadian National Railway from $61.00 to $66.00 and gave the company a “neutral” rating in a research note on Tuesday, September 13th. RBC Capital Markets reissued an “outperform” rating and issued a $95.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 26th. Scotiabank reissued a “sector perform” rating and issued a $92.00 target price (up previously from $87.00) on shares of Canadian National Railway in a research note on Wednesday, October 26th. Sanford C. Bernstein reissued a “market perform” rating and issued a $68.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 26th. Finally, Seaport Global Securities began coverage on Canadian National Railway in a research note on Friday, October 28th. They issued a “neutral” rating and a $64.00 target price on the stock. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $75.50.

About Canadian National Railway

Canadian National Railway Co 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. The Company’s 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

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