Legal & General Group Plc Decreases Stake in Canadian National Railway Company $CNI

Posted by George Bondi on May 27th, 2026

Legal & General Group Plc reduced its stake in Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) by 2.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,113,459 shares of the transportation company’s stock after selling 106,258 shares during the period. Legal & General Group Plc’s holdings in Canadian National Railway were worth $407,364,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. High Point Wealth Management LLC purchased a new position in Canadian National Railway in the 4th quarter worth approximately $27,000. Hollencrest Capital Management purchased a new position in shares of Canadian National Railway during the third quarter valued at approximately $28,000. Costello Asset Management INC increased its stake in shares of Canadian National Railway by 83.3% during the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares during the period. Leonteq Securities AG purchased a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $39,000. Finally, Fulcrum Asset Management LLP purchased a new position in shares of Canadian National Railway during the third quarter valued at approximately $51,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

CNI opened at $116.39 on Wednesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $116.75. The stock has a market capitalization of $70.73 billion, a PE ratio of 21.16, a price-to-earnings-growth ratio of 2.19 and a beta of 0.95. The stock’s 50 day moving average price is $108.64 and its 200-day moving average price is $103.36.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The firm’s revenue was down .5% on a year-over-year basis. On average, equities research analysts predict that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 annualized dividend and a dividend yield of 3.1%. Canadian National Railway’s payout ratio is currently 48.73%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNI shares. Barclays boosted their target price on Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research note on Thursday, April 30th. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Citigroup boosted their target price on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein boosted their target price on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Nine investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $122.04.

Check Out Our Latest Stock Analysis on CNI

Canadian National Railway Company Profile

(Free Report)

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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