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. This buyback authorization authorizes the transportation company to repurchase shares of its stock through open market purchases. Foster & Motley Inc.'s holdings in Canadian National Railway were worth $992,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Boston Advisors LLC bought a new position in Canadian National Railway during the first quarter worth $415,000. Barometer Capital Management Inc. now owns 368,080 shares of the transportation company's stock worth $27,212,000 after buying an additional 99,680 shares in the last quarter. The Company operates through rail transportation segment. Edmond DE Rothschild Holding S.A. raised its position in shares of Canadian Pacific Railway Limited by 3.2% in the first quarter. Institutional investors own 55.30% of the company's stock. Kelman Lazarov Inc. increased its stake in Canadian National Railway by 0.5% in the second quarter. Thornburg Investment Management Inc. now owns 1,295,958 shares of the transportation company's stock valued at $190,402,000 after buying an additional 456,122 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in Canadian Pacific Railway Limited by 2.2% in the first quarter.
Canadian Pacific Railway Limited (CP) traded up 0.61% during midday trading on Friday, reaching $154.00. The stock had a trading volume of 1,220,340 shares. The stock has a market capitalization of $22.50 billion, a PE ratio of 17.34 and a beta of 1.09. The firm has a 50-day moving average price of $81.16 and a 200 day moving average price of $75.59. Canadian National Railway has a 12 month low of $80.63 and a 12 month high of $108.64.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 29th will be issued a $0.4411 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.31. This represents a $1.76 annualized dividend and a dividend yield of 1.15%. Canadian Pacific Railway Limited's dividend payout ratio (DPR) is 19.88%.
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CNI has been the subject of several research reports. The stock now has an average rating of "Buy" and an average target price of $187.37. Desjardins boosted their price objective on shares of Canadian Pacific Railway Limited from C$221.00 to C$232.00 in a report on Thursday, April 20th. Zacks Investment Research raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $93.00 price target on the stock in a research report on Tuesday, July 11th. TD Securities restated a "hold" rating and issued a C$210.00 price objective on shares of Canadian Pacific Railway Limited in a report on Thursday, April 20th. They noted that the move was a valuation call. 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. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. Finally, Stifel Nicolaus lifted their target price on Canadian National Railway from $73.00 to $74.00 and gave the stock a hold rating in a research report on Tuesday, April 25th.
Canadian Pacific Railway Limited declared that its Board of Directors has approved a stock repurchase plan on Wednesday, May 10th that permits the company to buyback 4,380,000 shares. 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.