Canadian National Railway (NYSE:CNI) Shares Bought by Kwmg LLC

Kwmg LLC increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 53,777 shares of the transportation company’s stock after acquiring an additional 2,556 shares during the period. Kwmg LLC’s holdings in Canadian National Railway were worth $5,459,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI raised its position in Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after acquiring an additional 2,137,948 shares during the period. Point72 Asset Management L.P. acquired a new position in shares of Canadian National Railway during the 3rd quarter worth about $159,907,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Canadian National Railway by 4,614.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock valued at $157,896,000 after buying an additional 1,307,689 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after buying an additional 790,420 shares during the last quarter. Finally, 1832 Asset Management L.P. increased its stake in Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after buying an additional 674,536 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CNI. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group lowered their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price target for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Finally, Barclays lifted their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, eight have given a hold rating, six have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.77.

Canadian National Railway Stock Up 0.2 %

Canadian National Railway stock traded up $0.23 during trading on Monday, reaching $100.18. The stock had a trading volume of 1,210,217 shares, compared to its average volume of 1,162,874. Canadian National Railway has a 52-week low of $98.96 and a 52-week high of $134.02. The business has a 50 day moving average price of $106.41 and a 200 day moving average price of $112.42. The stock has a market cap of $63.03 billion, a PE ratio of 16.05, a P/E/G ratio of 2.43 and a beta of 0.91. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. On average, analysts predict that Canadian National Railway will post 5.31 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were paid a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a yield of 2.44%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s payout ratio is 38.14%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.