Canadian National Railway Company (CNI) is Peloton Wealth Strategists’ 10th Largest Position

Peloton Wealth Strategists 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 institutional investor owned 38,050 shares of the transportation company’s stock at the end of the 2nd quarter. Canadian National Railway comprises about 2.4% of Peloton Wealth Strategists’ portfolio, making the stock its 10th largest holding. Peloton Wealth Strategists’ holdings in Canadian National Railway were worth $3,084,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Fiera Capital Corp grew its holdings in Canadian National Railway by 3.6% during the 2nd quarter. Fiera Capital Corp now owns 3,751,903 shares of the transportation company’s stock worth $303,508,000 after acquiring an additional 130,634 shares during the last quarter. Stephens Inc. AR grew its holdings in Canadian National Railway by 46.4% during the 2nd quarter. Stephens Inc. AR now owns 4,958 shares of the transportation company’s stock worth $402,000 after acquiring an additional 1,571 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Canadian National Railway by 5.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 122,795 shares of the transportation company’s stock worth $9,952,000 after acquiring an additional 5,955 shares during the last quarter. Financial Counselors Inc. grew its holdings in Canadian National Railway by 0.9% during the 2nd quarter. Financial Counselors Inc. now owns 5,719 shares of the transportation company’s stock worth $464,000 after acquiring an additional 53 shares during the last quarter. Finally, Twin Tree Management LP grew its holdings in Canadian National Railway by 193.4% during the 2nd quarter. Twin Tree Management LP now owns 35,153 shares of the transportation company’s stock worth $2,849,000 after acquiring an additional 72,784 shares during the last quarter. 54.49% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Company (CNI) traded up 0.09% on Tuesday, reaching $81.98. 247,108 shares of the company traded hands. Canadian National Railway Company has a one year low of $61.11 and a one year high of $84.48. The stock has a market capitalization of $61.57 billion, a PE ratio of 20.45 and a beta of 1.11. The firm has a 50 day moving average of $79.99 and a 200-day moving average of $77.06.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 8th will be issued a $0.3276 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.31. This represents a $1.31 annualized dividend and a yield of 1.60%. Canadian National Railway’s dividend payout ratio is presently 34.38%.

A number of equities research analysts have commented on the stock. Credit Suisse Group reissued a “neutral” rating and set a $84.00 price objective (up previously 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. BidaskClub raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Barclays PLC reissued an “equal weight” rating and set a $81.00 price objective (up previously from $69.00) on shares of Canadian National Railway in a report on Wednesday, May 17th. Stifel Nicolaus increased their price objective on shares of Canadian National Railway from $74.00 to $79.00 and gave the stock a “hold” rating in a report on Thursday, June 15th. Finally, Zacks Investment Research raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Tuesday, July 11th. Fourteen equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $80.56.

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About Canadian National Railway

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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