Ashmore Wealth Management LLC lowered its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 9.4% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 298,996 shares of the company’s stock after selling 30,954 shares during the period. Canadian National Railway Company makes up about 1.2% of Ashmore Wealth Management LLC’s holdings, making the stock its 21st largest position. Ashmore Wealth Management LLC’s holdings in Canadian National Railway Company were worth $20,152,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNI. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Canadian National Railway Company by 1.8% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 20,683,520 shares of the company’s stock valued at $1,349,681,000 after buying an additional 370,800 shares during the last quarter. Bank of Montreal Can boosted its position in shares of Canadian National Railway Company by 0.3% in the third quarter. Bank of Montreal Can now owns 19,748,204 shares of the company’s stock valued at $1,291,533,000 after buying an additional 58,730 shares during the last quarter. FMR LLC boosted its position in shares of Canadian National Railway Company by 9.9% in the fourth quarter. FMR LLC now owns 15,534,610 shares of the company’s stock valued at $1,045,474,000 after buying an additional 1,393,558 shares during the last quarter. Jarislowsky Fraser Ltd boosted its position in shares of Canadian National Railway Company by 12.2% in the second quarter. Jarislowsky Fraser Ltd now owns 11,982,848 shares of the company’s stock valued at $735,332,000 after buying an additional 1,299,386 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in shares of Canadian National Railway Company by 4.0% in the second quarter. 1832 Asset Management L.P. now owns 9,614,508 shares of the company’s stock valued at $878,222,000 after buying an additional 372,517 shares during the last quarter. Institutional investors and hedge funds own 55.16% of the company’s stock.

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

Canadian National Railway Company (NYSE:CNI) traded down 0.07% during trading on Friday, hitting $71.51. 319,516 shares of the company traded hands. Canadian National Railway Company has a 12-month low of $55.27 and a 12-month high of $71.83. The stock has a 50 day moving average price of $69.74 and a 200 day moving average price of $66.18. The company has a market capitalization of $54.37 billion, a P/E ratio of 20.12 and a beta of 1.07.

Canadian National Railway Company (NYSE:CNI) last posted its quarterly earnings results on Tuesday, January 24th. The company reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.32. Canadian National Railway Company had a net margin of 30.29% and a return on equity of 24.02%. The business earned $3.22 billion during the quarter, compared to the consensus estimate of $2.32 billion. During the same quarter last year, the firm posted $1.18 EPS. Canadian National Railway Company’s revenue was up 1.6% compared to the same quarter last year. On average, equities analysts anticipate that Canadian National Railway Company will post $3.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Friday, March 10th will be given a $0.3097 dividend. The ex-dividend date is Wednesday, March 8th. This represents a $1.24 annualized dividend and a 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 presently 31.73%.

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CNI has been the topic of several analyst reports. Seaport Global Securities initiated coverage on shares of Canadian National Railway Company in a research report on Friday, October 28th. They set a “neutral” rating and a $64.00 price target on the stock. Raymond James Financial, Inc. raised shares of Canadian National Railway Company from a “market perform” rating to an “outperform” rating in a research report on Wednesday, January 4th. RBC Capital Markets reaffirmed an “outperform” rating and set a $95.00 price target on shares of Canadian National Railway Company in a research report on Wednesday, October 26th. Bank of America Corporation raised shares of Canadian National Railway Company from an “underperform” rating to a “neutral” rating in a research report on Thursday, January 12th. Finally, Scotiabank reaffirmed a “sector perform” rating and set a $92.00 price target (up from $87.00) on shares of Canadian National Railway Company in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $76.95.

About Canadian National Railway Company

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

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