Shell Asset Management Co. Has $3.36 Million Holdings in Canadian National Railway Company $CNI

Shell Asset Management Co. boosted its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 53.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,332 shares of the transportation company's stock after buying an additional 11,259 shares during the period. Shell Asset Management Co.'s holdings in Canadian National Railway were worth $3,362,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Bennett Selby Investments LP grew its stake in Canadian National Railway by 2.2% during the second quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company's stock worth $499,000 after buying an additional 101 shares in the last quarter. Bruce G. Allen Investments LLC grew its stake in Canadian National Railway by 44.2% during the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after buying an additional 106 shares in the last quarter. Heartland Advisors Inc. grew its stake in Canadian National Railway by 0.9% during the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company's stock worth $1,198,000 after buying an additional 108 shares in the last quarter. Diversified Trust Co boosted its stake in shares of Canadian National Railway by 5.7% in the 1st quarter. Diversified Trust Co now owns 2,561 shares of the transportation company's stock valued at $250,000 after purchasing an additional 139 shares in the last quarter. Finally, Mather Group LLC. boosted its stake in shares of Canadian National Railway by 3.4% in the 1st quarter. Mather Group LLC. now owns 4,351 shares of the transportation company's stock valued at $424,000 after purchasing an additional 142 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.3%

Shares of NYSE CNI opened at $96.87 on Wednesday. The company has a 50 day simple moving average of $94.42 and a 200 day simple moving average of $99.02. The firm has a market cap of $60.14 billion, a PE ratio of 18.63, a price-to-earnings-growth ratio of 2.16 and a beta of 0.96. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $116.79. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The firm's revenue for the quarter was down 1.3% compared to the same quarter last year. On average, research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were issued a dividend of $0.6507 per share. This represents a $2.60 annualized dividend and a yield of 2.7%. The ex-dividend date was Monday, September 8th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is 50.19%.

Analysts Set New Price Targets

CNI has been the topic of a number of research analyst reports. Citigroup reduced their price target on shares of Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Susquehanna reduced their price target on shares of Canadian National Railway from $120.00 to $115.00 and set a "positive" rating on the stock in a research note on Thursday, September 25th. Wall Street Zen downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Saturday. Royal Bank Of Canada reduced their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Finally, National Bank Financial downgraded shares of Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $116.11.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.

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