DF Dent & Co. Inc. Has $1,621,000 Holdings in Canadian National Railway Company (CNI)

DF Dent & Co. Inc. maintained its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,000 shares of the transportation company’s stock at the end of the 2nd quarter. DF Dent & Co. Inc.’s holdings in Canadian National Railway were worth $1,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. grew its holdings in shares of Canadian National Railway by 0.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,416 shares of the transportation company’s stock valued at $115,000 after buying an additional 12 shares during the last quarter. Proficio Capital Partners LLC grew its holdings in shares of Canadian National Railway by 0.8% during the second quarter. Proficio Capital Partners LLC now owns 1,783 shares of the transportation company’s stock valued at $143,000 after buying an additional 15 shares during the last quarter. Atria Investments LLC grew its holdings in shares of Canadian National Railway by 0.7% during the second quarter. Atria Investments LLC now owns 6,121 shares of the transportation company’s stock valued at $496,000 after buying an additional 41 shares during the last quarter. Suntrust Banks Inc. grew its holdings in shares of Canadian National Railway by 0.6% during the second quarter. Suntrust Banks Inc. now owns 8,385 shares of the transportation company’s stock valued at $679,000 after buying an additional 52 shares during the last quarter. Finally, Financial Counselors Inc. grew its holdings in shares of Canadian National Railway by 0.9% during the second quarter. Financial Counselors Inc. now owns 5,719 shares of the transportation company’s stock valued at $464,000 after buying an additional 53 shares during the last quarter. 54.45% of the stock is currently owned by hedge funds and other institutional investors.

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A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group reissued a “neutral” rating and set a $84.00 price objective (up from $78.00) on shares of Canadian National Railway in a report on Thursday, July 13th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 26th. BidaskClub raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $89.00 price objective on shares of Canadian National Railway in a report on Friday, October 6th. Finally, Cowen and Company reissued a “buy” rating and set a $83.00 price objective on shares of Canadian National Railway in a report on Sunday, September 24th. Fifteen research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $82.47.

Canadian National Railway Company (CNI) traded up 0.41% on Wednesday, hitting $81.08. 226,404 shares of the company traded hands. The stock’s 50-day moving average is $81.17 and its 200 day moving average is $78.61. Canadian National Railway Company has a 12 month low of $61.72 and a 12 month high of $84.48. The stock has a market cap of $60.89 billion, a PE ratio of 20.69 and a beta of 1.13.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 8th were issued a dividend of $0.3276 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.31 dividend on an annualized basis and a yield of 1.62%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.31. Canadian National Railway’s payout ratio is currently 34.38%.

Canadian National Railway Company Profile

Canadian National Railway Company 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 and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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

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