Cobblestone Capital Advisors LLC NY Sells 1,960 Shares of Canadian National Railway (CNI)

Cobblestone Capital Advisors LLC NY cut its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 14.9% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,185 shares of the transportation company’s stock after selling 1,960 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Canadian National Railway were worth $827,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in CNI. Freestone Capital Holdings LLC increased its position in Canadian National Railway by 0.5% in the fourth quarter. Freestone Capital Holdings LLC now owns 5,115 shares of the transportation company’s stock valued at $345,000 after buying an additional 25 shares during the period. LVM Capital Management Ltd. MI increased its position in Canadian National Railway by 0.5% in the first quarter. LVM Capital Management Ltd. MI now owns 8,534 shares of the transportation company’s stock valued at $631,000 after buying an additional 40 shares during the period. First National Bank of Hutchinson increased its position in Canadian National Railway by 0.5% in the first quarter. First National Bank of Hutchinson now owns 9,656 shares of the transportation company’s stock valued at $714,000 after buying an additional 48 shares during the period. Dempze Nancy E increased its position in Canadian National Railway by 0.3% in the third quarter. Dempze Nancy E now owns 21,072 shares of the transportation company’s stock valued at $1,378,000 after buying an additional 60 shares during the period. Finally, WMS Partners LLC increased its position in Canadian National Railway by 0.5% in the third quarter. WMS Partners LLC now owns 18,412 shares of the transportation company’s stock valued at $1,204,000 after buying an additional 88 shares during the period. Hedge funds and other institutional investors own 55.16% of the company’s stock.

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

Canadian National Railway (NYSE:CNI) traded up 1.93% during mid-day trading on Friday, reaching $74.87. 980,330 shares of the company’s stock traded hands. The stock has a market capitalization of $56.61 billion, a PE ratio of 21.10 and a beta of 1.07. The firm’s 50-day moving average price is $73.81 and its 200 day moving average price is $70.11. Canadian National Railway has a 12 month low of $55.73 and a 12 month high of $76.41.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Friday, June 9th will be issued a dividend of $0.3059 per share. This represents a $1.22 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Wednesday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 31.73%.

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A number of brokerages have recently commented on CNI. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $73.00 to $74.00 and gave the stock a “hold” rating in a report on Tuesday, April 25th. Barclays PLC reiterated an “equal weight” rating and set a $81.00 price target (up from $69.00) on shares of Canadian National Railway in a report on Wednesday. Citigroup Inc boosted their target price on shares of Canadian National Railway from $66.00 to $72.00 and gave the company a “neutral” rating in a report on Wednesday, January 25th. Zacks Investment Research downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Thursday, February 23rd. Finally, Scotiabank upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Friday, March 3rd. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $79.69.

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.

5 Day Chart for NYSE:CNI

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