Foster & Motley Inc. Raises Stake in Canadian National Railway Company (NYSE:CNI)

Cornelia Mascio
Agosto 13, 2017

Compass Capital Management bought a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) through out the Fiscal Q2, based on the latest 13F form document with the Security and Exchange Commission. the company purchased 2,535 stocks of the transportation firms shares valued at roughly $205,000. Kelman Lazarov Inc. now owns 18,489 shares of the transportation company's stock valued at $1,499,000 after buying an additional 89 shares during the last quarter. Pekin Singer Strauss Asset Management IL's holdings in Canadian National Railway were worth $2,760,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CP. Barometer Capital Management Inc. raised its position in Canadian National Railway by 37.1% in the first quarter. CIBC Asset Management Inc now owns 2,191,935 shares of the transportation company's stock valued at $352,265,000 after buying an additional 527,453 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in Canadian Pacific Railway Limited by 3.2% in the first quarter. Shine Investment Advisory Services Inc. bought a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at $163,000. Captrust Financial Advisors bought a new position in shares of Canadian Pacific Railway Limited during the second quarter valued at $130,000. OppenheimerFunds Inc. raised its stake in Canadian Pacific Railway Limited by 34.9% in the first quarter.

Canadian National Railway Company (CNI) traded up 0.59% during trading on Friday, reaching $79.50. Canadian Pacific Railway Limited has a 52-week low of $186.21 and a 52-week high of $218.78. The firm's 50-day moving average price is $103.48 and its 200 day moving average price is $99.80. The firm has a market cap of $59.70 billion, a price-to-earnings ratio of 20.29 and a beta of 1.11.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 30th. Shareholders of record on Friday, September 29th will be issued a $0.4411 dividend. The ex-dividend date of this dividend is Thursday, September 28th.

COPYRIGHT VIOLATION NOTICE: "Canadian Pacific Railway Limited (TSE:CP) to Issue Quarterly Dividend of $0.56" was published by Sports Perspectives and is owned by of Sports Perspectives. This represents a $1.76 annualized dividend and a dividend yield of 1.15%. Canadian National Railway's dividend payout ratio is 31.77%.

Canadian National Railway Company engages in rail and related transportation business. This buyback authorization authorizes the transportation company to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued. If you are accessing this report on another website, it was copied illegally and republished in violation of USA and global copyright and trademark law. If you are reading this news story on another site, it was illegally copied and republished in violation of United States and worldwide copyright legislation. The legal version of this piece of content can be accessed at https://www.com-unik.info/2017/08/12/foster-motley-inc-increases-stake-in-canadian-national-railway-company-nysecni-updated.html.

A number of equities research analysts have recently weighed in on CP shares. Finally, Zacks Investment Research raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $93.00 price objective for the company in a report on Tuesday, July 11th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating on shares of Canadian Pacific Railway Limited in a report on Thursday, July 20th. Cowen and Company reissued a "buy" rating and set a $172.00 target price on shares of Canadian Pacific Railway Limited in a research note on Friday, July 28th. Credit Suisse Group reiterated a "neutral" recommendation and fixed a $84.00 target price (up prior from $78.00) on stocks of Canadian National Railway in a note on Thurs, Jul 13th. They noted that the move was a valuation call. Stifel Nicolaus boosted their price objective on shares of Canadian Pacific Railway Limited from $167.00 to $184.00 and gave the stock a buy rating in a research note on Tuesday, July 11th. 1 expert has recommended the share with a sell recommendation, fourteen has issued a hold recommendation and around seven have published a buy recommendation to the share. the share has a consensus rating of "Hold" and an average price objective of $80.56. The stock now has a consensus rating of "Buy" and an average target price of $187.37.

Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States.

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