As Canadian Natl Ry Co (CNI) Share Value Rose, Td Asset Management INC Has Cut Its Position by $53.83 Million

Canadian National Railway Company (NYSE:CNI) Logo

Td Asset Management Inc decreased its stake in Canadian Natl Ry Co (CNI) by 3.87% based on its latest 2018Q2 regulatory filing with the SEC. Td Asset Management Inc sold 664,595 shares as the company’s stock rose 3.74% with the market. The institutional investor held 16.49M shares of the railroads company at the end of 2018Q2, valued at $1.35B, down from 17.15M at the end of the previous reported quarter. Td Asset Management Inc who had been investing in Canadian Natl Ry Co for a number of months, seems to be less bullish one the $58.81B market cap company. The stock decreased 1.22% or $0.99 during the last trading session, reaching $80.72. About 291,446 shares traded. Canadian National Railway Company (NYSE:CNI) has risen 5.62% since December 6, 2017 and is uptrending. It has underperformed by 10.00% the S&P500.

Td Asset Management Inc, which manages about $16.26B and $65.62 billion US Long portfolio, upped its stake in Eaton Corp Plc (NYSE:ETN) by 60,408 shares to 405,739 shares, valued at $30.33 million in 2018Q2, according to the filing. It also increased its holding in Vanguard Scottsdale Fds (VCSH) by 388,665 shares in the quarter, for a total of 422,533 shares, and has risen its stake in Veeva Sys Inc (NYSE:VEEV).

Analysts await Canadian National Railway Company (NYSE:CNI) to report earnings on January, 22. They expect $1.12 EPS, up 19.15 % or $0.18 from last year’s $0.94 per share. CNI’s profit will be $815.97 million for 18.02 P/E if the $1.12 EPS becomes a reality. After $1.15 actual EPS reported by Canadian National Railway Company for the previous quarter, Wall Street now forecasts -2.61 % negative EPS growth.

More notable recent Canadian National Railway Company (NYSE:CNI) news were published by: Seekingalpha.com which released: “Getting Cautious About CN Rail – Seeking Alpha” on July 10, 2018, also Fool.ca with their article: “New RRSP Investors: 3 Top TSX Index Dividend Stocks to Start Your Retirement Fund – The Motley Fool Canada” published on November 09, 2018, Fool.ca published: “Cannabis Stocks Are Overhyped: Buy This Instead – The Motley Fool Canada” on November 21, 2018. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Gurufocus.com and their article: “6 Companies Growing Earnings – GuruFocus.com” published on December 03, 2018 as well as Seekingalpha.com‘s news article titled: “Canadian National Railway: Back On Track – Seeking Alpha” with publication date: July 26, 2018.

Canadian National Railway Company (NYSE:CNI) Ratings Coverage

Among 6 analysts covering Canadian National Railway (NYSE:CNI), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Canadian National Railway had 9 analyst reports since July 9, 2018 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Neutral” on Wednesday, October 24. The company was upgraded on Tuesday, September 25 by Citigroup. The stock of Canadian National Railway Company (NYSE:CNI) has “Neutral” rating given on Wednesday, July 25 by Citigroup. Stifel Nicolaus maintained it with “Hold” rating and $83 target in Tuesday, July 24 report. The firm earned “Buy” rating on Monday, July 9 by Deutsche Bank. The stock of Canadian National Railway Company (NYSE:CNI) has “Equal-Weight” rating given on Wednesday, July 25 by Barclays Capital. The rating was maintained by Deutsche Bank on Monday, December 3 with “Buy”. As per Wednesday, July 25, the company rating was maintained by Credit Suisse. The stock has “Market Perform” rating by BMO Capital Markets on Wednesday, September 5.

Canadian National Railway Company (NYSE:CNI) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.