CarsonAllaria Wealth Management Ltd. Takes Position in Canadian National Railway (NYSE:CNI)

CarsonAllaria Wealth Management Ltd. purchased a new position in shares of Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) in the 4th quarter, Holdings Channel reports. The firm purchased 3,205 shares of the transportation company’s stock, valued at approximately $394,000.

Other institutional investors have also made changes to their positions in the company. Congress Wealth Management LLC DE bought a new stake in shares of Canadian National Railway during the fourth quarter worth about $378,000. First Republic Investment Management Inc. grew its position in Canadian National Railway by 4.0% during the 3rd quarter. First Republic Investment Management Inc. now owns 187,791 shares of the transportation company’s stock worth $21,718,000 after acquiring an additional 7,241 shares during the last quarter. W.G. Shaheen & Associates DBA Whitney & Co raised its stake in Canadian National Railway by 3.0% during the third quarter. W.G. Shaheen & Associates DBA Whitney & Co now owns 39,138 shares of the transportation company’s stock valued at $4,526,000 after buying an additional 1,132 shares during the last quarter. Howland Capital Management LLC bought a new stake in Canadian National Railway during the fourth quarter valued at about $209,000. Finally, NuWave Investment Management LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter worth about $574,000. 70.92% of the stock is owned by institutional investors and hedge funds.

CNI traded up $0.04 during trading on Thursday, hitting $111.28. 1,622,690 shares of the company traded hands, compared to its average volume of 1,365,441. Canadian National Railway has a 1 year low of $100.66 and a 1 year high of $137.19. The stock’s 50-day simple moving average is $125.75 and its two-hundred day simple moving average is $125.71. The company has a market cap of $77.04 billion, a PE ratio of 20.46, a P/E/G ratio of 1.97 and a beta of 0.85. The company has a current ratio of 0.84, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last posted its quarterly earnings data on Tuesday, April 26th. The transportation company reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.04). Canadian National Railway had a net margin of 33.00% and a return on equity of 19.71%. The firm had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.67 billion. During the same quarter last year, the business earned $0.97 earnings per share. The business’s quarterly revenue was up 4.9% on a year-over-year basis. Equities analysts expect that Canadian National Railway will post 5.58 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Thursday, June 9th will be given a dividend of $0.586 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.34 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, June 8th. Canadian National Railway’s dividend payout ratio is currently 42.10%.

A number of analysts have issued reports on CNI shares. Desjardins cut their target price on Canadian National Railway from C$173.00 to C$172.00 in a research report on Thursday, April 28th. JPMorgan Chase & Co. decreased their price objective on shares of Canadian National Railway from C$171.00 to C$159.00 in a report on Friday, April 8th. National Bank Financial reduced their target price on shares of Canadian National Railway from C$172.00 to C$168.00 in a research report on Friday, April 8th. Argus raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $145.00 target price for the company in a research report on Thursday, February 17th. They noted that the move was a valuation call. Finally, StockNews.com initiated coverage on Canadian National Railway in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Eighteen investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $147.76.

Canadian National Railway Company Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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

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