Vise Technologies Inc. Purchases New Holdings in Canadian National Railway (NYSE:CNI)

Vise Technologies Inc. purchased a new stake in shares of Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,493 shares of the transportation company’s stock, valued at approximately $200,000.

Several other large investors have also recently bought and sold shares of the stock. Wellington Management Group LLP boosted its position in Canadian National Railway by 41.4% during the first quarter. Wellington Management Group LLP now owns 20,888,814 shares of the transportation company’s stock valued at $2,804,457,000 after purchasing an additional 6,120,667 shares during the last quarter. Vanguard Group Inc. boosted its position in Canadian National Railway by 2.8% during the first quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company’s stock valued at $2,683,831,000 after purchasing an additional 554,280 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Canadian National Railway by 19.7% in the first quarter. Bank of New York Mellon Corp now owns 14,423,818 shares of the transportation company’s stock valued at $1,934,812,000 after buying an additional 2,376,082 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Canadian National Railway by 5.3% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,333,700 shares of the transportation company’s stock valued at $1,655,948,000 after buying an additional 625,000 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Canadian National Railway by 34.4% in the first quarter. Mackenzie Financial Corp now owns 10,912,725 shares of the transportation company’s stock valued at $1,466,162,000 after buying an additional 2,796,065 shares during the last quarter. 79.45% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 1.7 %

Shares of CNI opened at $116.49 on Friday. Canadian National Railway has a 52-week low of $106.61 and a 52-week high of $137.19. The business’s fifty day moving average is $121.00 and its 200-day moving average is $120.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.55 and a current ratio of 0.71. The firm has a market cap of $79.46 billion, a price-to-earnings ratio of 20.26, a PEG ratio of 1.79 and a beta of 0.86.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Investors of record on Thursday, September 8th will be issued a dividend of $0.569 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, September 7th. Canadian National Railway’s dividend payout ratio (DPR) is 38.78%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CNI shares. Susquehanna cut their price objective on Canadian National Railway from $137.00 to $127.00 in a research report on Wednesday, July 6th. Wells Fargo & Company raised their price objective on Canadian National Railway to $119.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Stifel Nicolaus raised their price objective on Canadian National Railway from $113.00 to $119.00 in a research report on Wednesday, July 27th. CIBC raised Canadian National Railway from a “neutral” rating to a “sector outperform” rating in a research report on Thursday, June 2nd. Finally, Royal Bank of Canada lifted their price target on Canadian National Railway from C$160.00 to C$163.00 in a report on Wednesday, July 27th. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $141.36.

About Canadian National Railway

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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

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