Canadian Natl Ry Co (CNI) Stock Rose While Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp Boosted by $46.38 Million Its Stake

December 7, 2017 - By Henry Gaston

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp increased its stake in Canadian Natl Ry Co (CNI) by 14.5% based on its latest 2017Q2 regulatory filing with the SEC. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp bought 441,700 shares as the company’s stock rose 4.48% with the market. The institutional investor held 3.49 million shares of the railroads company at the end of 2017Q2, valued at $366.96M, up from 3.05M at the end of the previous reported quarter. Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp who had been investing in Canadian Natl Ry Co for a number of months, seems to be bullish on the $60.23B market cap company. The stock increased 0.70% or $0.56 during the last trading session, reaching $80.06. About 965,721 shares traded. Canadian National Railway Company (NYSE:CNI) has risen 30.03% since December 7, 2016 and is uptrending. It has outperformed by 13.33% the S&P500.

Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp, which manages about $10.63B US Long portfolio, decreased its stake in Priceline Grp Inc (NASDAQ:PCLN) by 3,500 shares to 16,700 shares, valued at $31.24M in 2017Q2, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 51,300 shares in the quarter, leaving it with 1.39 million shares, and cut its stake in Procter And Gamble Co (NYSE:PG).

More notable recent Canadian National Railway Company (NYSE:CNI) news were published by: Fool.ca which released: “Buy and Forget: Canadian National Railway Company” on August 18, 2017, also Fool.ca with their article: “All Aboard! Canadian National Railway Company Is a Great Buy on Weakness” published on August 04, 2017, Fool.ca published: “Canadian National Railway Company: Is Today an Opportune Time to Buy the Dip?” on December 02, 2017. More interesting news about Canadian National Railway Company (NYSE:CNI) were released by: Fool.ca and their article: “RRSP Investors: 5 Reasons to Own Canadian National Railway Company” published on November 09, 2017 as well as Fool.ca‘s news article titled: “Canadian National Railway Company: Buy the Post-Earnings Decline Before Shares …” with publication date: October 29, 2017.

Canadian National Railway Company (NYSE:CNI) Ratings Coverage

Among 25 analysts covering Canadian National Railway (NYSE:CNI), 10 have Buy rating, 2 Sell and 13 Hold. Therefore 40% are positive. Canadian National Railway had 61 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained Canadian National Railway Company (NYSE:CNI) rating on Wednesday, January 27. RBC Capital Markets has “Outperform” rating and $81 target. Citigroup maintained Canadian National Railway Company (NYSE:CNI) on Wednesday, April 6 with “Neutral” rating. The stock of Canadian National Railway Company (NYSE:CNI) earned “Buy” rating by Desjardins Securities on Wednesday, October 28. The firm has “Hold” rating given on Tuesday, April 26 by TD Securities. As per Monday, February 22, the company rating was maintained by Bank of America. On Wednesday, January 4 the stock rating was upgraded by Raymond James to “Outperform”. The stock has “Outperform” rating by Raymond James on Tuesday, July 26. The rating was maintained by Cowen & Co on Wednesday, October 26 with “Outperform”. Cowen & Co maintained Canadian National Railway Company (NYSE:CNI) on Friday, September 22 with “Buy” rating. The firm has “Outperform” rating given on Monday, October 5 by Cowen & Co.

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