Swiss National Bank buys $277,822,798 stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : Swiss National Bank scooped up 114,300 additional shares in Canadian National Railway (USA) during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 4,462,300 shares of Canadian National Railway (USA) which is valued at $277,822,798.Canadian National Railway (USA) makes up approximately 0.44% of Swiss National Bank’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in CNI in the latest quarter, The investment management firm added 109,091 additional shares and now holds a total of 5,891,747 shares of Canadian National Railway (USA) which is valued at $366,820,168. Canadian National Railway (USA) makes up approx 1.07% of Great West Life Assurance Co Can’s portfolio. Diversified Trust Co added CNI to its portfolio by purchasing 23,437 company shares during the most recent quarter which is valued at $1,491,765. Canadian National Railway (USA) makes up approx 0.20% of Diversified Trust Co’s portfolio.Dorchester Wealth Management Co boosted its stake in CNI in the latest quarter, The investment management firm added 3,123 additional shares and now holds a total of 118,877 shares of Canadian National Railway (USA) which is valued at $7,528,480. Canadian National Railway (USA) makes up approx 2.72% of Dorchester Wealth Management Co’s portfolio.Kwmg boosted its stake in CNI in the latest quarter, The investment management firm added 588 additional shares and now holds a total of 26,880 shares of Canadian National Railway (USA) which is valued at $1,702,310. Canadian National Railway (USA) makes up approx 0.90% of Kwmg’s portfolio.Regentatlantic Capital reduced its stake in CNI by selling 1,220 shares or 17.5% in the most recent quarter. The Hedge Fund company now holds 5,751 shares of CNI which is valued at $365,936. Canadian National Railway (USA) makes up approx 0.03% of Regentatlantic Capital’s portfolio.

Canadian National Railway (USA) opened for trading at $62.1 and hit $62.45 on the upside on Monday, eventually ending the session at $62.29, with a gain of 0.55% or 0.34 points. The heightened volatility saw the trading volume jump to 7,70,632 shares. Company has a market cap of $48,169 M.

On the company’s financial health, Canadian National Railway (USA) reported $1.11 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $1.04. The company had revenue of $2842.00 million for the quarter, compared to analysts expectations of $2896.90 million. The company’s revenue was down -9.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.15 EPS.

Many Wall Street Analysts have commented on Canadian National Railway (USA). Company shares were Reiterated by Cowen on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 68 from a previous price target of $67 .Canadian National Railway (USA) was Upgraded by Raymond James to ” Outperform” on Jul 26, 2016. Argus Initiated Canadian National Railway (USA) on Jun 21, 2016 to “Buy”, Price Target of the shares are set at $73.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CN’s network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Company’s network of approximately 20000 route miles of track spans Canada and mid-America from the Atlantic and Pacific oceans to the Gulf of Mexico serving the ports of Vancouver Prince Rupert (British Columbia) Montreal Halifax New Orleans and Mobile (Alabama) and the metropolitan areas of Toronto Buffalo Chicago Detroit Duluth (Minnesota)/Superior (Wisconsin) Green Bay (Wisconsin) Minneapolis/St. Paul Memphis and Jackson (Mississippi) with connections to all points in North America.

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