Canadian National Railway (NYSE:CNI) Shares Acquired by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC increased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 15.5% in the 4th quarter, HoldingsChannel reports. The firm owned 6,959 shares of the transportation company’s stock after buying an additional 935 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Canadian National Railway were worth $706,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fortitude Family Office LLC raised its holdings in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares during the last quarter. Coastline Trust Co acquired a new position in Canadian National Railway in the 3rd quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. Reston Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the 3rd quarter worth about $41,000. Finally, Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Canadian National Railway during the third quarter worth about $56,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.9 %

NYSE:CNI opened at $101.69 on Friday. The business’s 50-day moving average is $102.98 and its two-hundred day moving average is $109.88. The firm has a market capitalization of $63.95 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Research analysts predict that Canadian National Railway will post 5.49 earnings per share 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. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.42%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.68%.

Analyst Ratings Changes

CNI has been the topic of a number of analyst reports. Stifel Nicolaus raised their target price on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Stephens reaffirmed an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Barclays decreased their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $124.19.

About Canadian National Railway

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.