DORCHESTER WEALTH MANAGEMENT Co Has $9.36 Million Holdings in Canadian National Railway (NYSE:CNI)

DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 93,054 shares of the transportation company’s stock after buying an additional 939 shares during the quarter. Canadian National Railway accounts for approximately 1.9% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 18th largest holding. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Canadian National Railway were worth $9,358,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. XTX Topco Ltd raised its stake in Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company’s stock worth $1,822,000 after buying an additional 4,698 shares during the period. Principal Financial Group Inc. raised its stake in Canadian National Railway by 29.6% during the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after buying an additional 21,100 shares during the period. Unigestion Holding SA raised its stake in Canadian National Railway by 363.6% during the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company’s stock worth $18,012,000 after buying an additional 120,687 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after buying an additional 202,303 shares during the period. Finally, Partners Group Holding AG raised its stake in Canadian National Railway by 16.3% during the 3rd quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company’s stock worth $47,571,000 after buying an additional 56,849 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $103.98 on Friday. The stock has a market capitalization of $65.33 billion, a price-to-earnings ratio of 20.31, a PEG ratio of 1.95 and a beta of 0.91. The business has a 50-day moving average of $102.64 and a 200-day moving average of $109.41. 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 has a fifty-two week low of $98.69 and a fifty-two week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. As a group, sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm 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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.37%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.68%.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $126.00 to $130.00 in a research note on Tuesday, November 12th. Wells Fargo & Company dropped their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Stifel Nicolaus lifted their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Susquehanna dropped their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and an average 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.