Canadian National Railway (NYSE:CNI) Shares Bought by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. increased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 44,998 shares of the transportation company’s stock after buying an additional 1,028 shares during the period. Canadian National Railway comprises approximately 1.4% of Brown Lisle Cummings Inc.’s holdings, making the stock its 14th biggest position. Brown Lisle Cummings Inc.’s holdings in Canadian National Railway were worth $4,568,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC lifted its stake in Canadian National Railway by 7.8% in the fourth quarter. Jennison Associates LLC now owns 152,814 shares of the transportation company’s stock valued at $15,512,000 after buying an additional 11,016 shares during the last quarter. Greenleaf Trust lifted its position in Canadian National Railway by 3.2% in the 4th quarter. Greenleaf Trust now owns 6,739 shares of the transportation company’s stock valued at $684,000 after purchasing an additional 212 shares during the last quarter. Haven Global Partners LLC acquired a new position in Canadian National Railway during the 4th quarter valued at about $14,562,000. Mediolanum International Funds Ltd grew its position in Canadian National Railway by 46.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 48,144 shares of the transportation company’s stock worth $4,832,000 after purchasing an additional 15,216 shares during the last quarter. Finally, First Affirmative Financial Network increased its stake in shares of Canadian National Railway by 11.6% in the fourth quarter. First Affirmative Financial Network now owns 5,598 shares of the transportation company’s stock valued at $568,000 after purchasing an additional 584 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

CNI has been the subject of several analyst reports. Sanford C. Bernstein reduced their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Barclays reduced their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday. Finally, Stifel Nicolaus raised their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $98.78 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market capitalization of $62.11 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. The stock has a fifty day moving average of $104.48 and a 200-day moving average of $110.79. Canadian National Railway has a one year low of $98.69 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.49%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is currently 48.05%.

Canadian National Railway 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.