Jones Collombin Investment Counsel Inc reduced its stake in shares of Canadian National Railway Co. (NYSE:CNI) (TSE:CNR) by 8.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 200,060 shares of the company’s stock after selling 17,920 shares during the period. Canadian National Railway comprises 4.1% of Jones Collombin Investment Counsel Inc’s holdings, making the stock its 9th largest position. Jones Collombin Investment Counsel Inc’s holdings in Canadian National Railway were worth $13,070,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of CNI. Kistler Tiffany Companies LLC increased its position in shares of 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 in the last quarter. Pinkerton Retirement Specialists LLC purchased a new position in shares of Canadian National Railway during the second quarter valued at approximately $104,000. Carroll Financial Associates Inc. increased its position in shares of 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. Armbruster Capital Management Inc. increased its position in shares of 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 in the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Canadian National Railway by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 2,680 shares of the company’s stock valued at $149,000 after buying an additional 104 shares in the last quarter. Institutional investors and hedge funds own 54.22% of the company’s stock.

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

Shares of Canadian National Railway Co. (NYSE:CNI) traded up 0.621% during mid-day trading on Wednesday, reaching $67.205. 651,764 shares of the company’s stock were exchanged. The stock has a market cap of $51.50 billion, a PE ratio of 20.025 and a beta of 1.00. The company has a 50 day moving average price of $64.76 and a 200-day moving average price of $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 posted its quarterly earnings data on Tuesday, October 25th. The company reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.33. Canadian National Railway had a net margin of 29.78% and a return on equity of 23.70%. The company earned $3.01 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period in the previous year, the firm posted $1.26 EPS. The firm’s revenue was down 6.5% compared to the same quarter last year. On average, analysts predict that Canadian National Railway Co. will post $3.35 EPS 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 issued a dividend of $0.28 per share. The ex-dividend date is Wednesday, December 7th. Canadian National Railway’s dividend payout ratio is currently 33.33%.

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Several research analysts have commented on CNI shares. Barclays PLC boosted their price objective on shares of Canadian National Railway from $65.00 to $68.00 and gave the company an “equal weight” rating in a research report on Monday, September 12th. Loop Capital started coverage on shares of Canadian National Railway in a research report on Monday, September 26th. They set a “hold” rating and a $64.00 price objective for the company. Vertical Research started coverage on shares of Canadian National Railway in a research report on Tuesday, October 11th. They set a “hold” rating for the company. TD Securities restated a “hold” rating and set a $90.00 price objective on shares of Canadian National Railway in a research report on Saturday, October 8th. Finally, Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $62.00 to $66.00 and gave the company a “hold” rating in a research report on Wednesday, October 26th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and ten have given a buy rating to the stock. The stock has a consensus 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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