Osher Van De Voorde Investment Management buys $7,842,087 stake in Canadian National Railway (USA) (CNI)

Canadian National Railway (USA) (CNI) : Osher Van De Voorde Investment Management scooped up 2,115 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 10, 2016. The investment management firm now holds a total of 124,300 shares of Canadian National Railway (USA) which is valued at $7,842,087.Canadian National Railway (USA) makes up approximately 4.73% of Osher Van De Voorde Investment Management’s portfolio.

Other Hedge Funds, Including , Blackrock Group Ltd reduced its stake in CNI by selling 14,060 shares or 6.5% in the most recent quarter. The Hedge Fund company now holds 202,145 shares of CNI which is valued at $12,753,328. Canadian National Railway (USA) makes up approx 0.01% of Blackrock Group Ltd’s portfolio.Wcm Investment Managementca boosted its stake in CNI in the latest quarter, The investment management firm added 52,741 additional shares and now holds a total of 451,524 shares of Canadian National Railway (USA) which is valued at $27,971,912. Canadian National Railway (USA) makes up approx 0.42% of Wcm Investment Managementca’s portfolio.Lmr Partners Llp boosted its stake in CNI in the latest quarter, The investment management firm added 10,199 additional shares and now holds a total of 34,606 shares of Canadian National Railway (USA) which is valued at $2,187,445. Canadian National Railway (USA) makes up approx 0.33% of Lmr Partners Llp’s portfolio.First National Bank Of Hutchinson reduced its stake in CNI by selling 185 shares or 1.33% in the most recent quarter. The Hedge Fund company now holds 13,699 shares of CNI which is valued at $871,941. Canadian National Railway (USA) makes up approx 0.54% of First National Bank Of Hutchinson’s portfolio.Independent Portfolio Consultants boosted its stake in CNI in the latest quarter, The investment management firm added 105 additional shares and now holds a total of 5,235 shares of Canadian National Railway (USA) which is valued at $328,339. Canadian National Railway (USA) makes up approx 0.10% of Independent Portfolio Consultants’s portfolio.

Canadian National Railway (USA) opened for trading at $64.41 and hit $64.98 on the upside on Friday, eventually ending the session at $64.81, with a gain of 0.11% or 0.07 points. The heightened volatility saw the trading volume jump to 7,23,950 shares. Company has a market cap of $50,118 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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