Financial Network Wealth Management LLC Invests $200,000 in Canadian National Railway (NYSE:CNI)

by · The Cerbat Gem

Financial Network Wealth Management LLC purchased a new position in Canadian National Railway (NYSE:CNI – Free Report) (TSE:CNR) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,595 shares of the transportation company’s stock, valued at approximately $200,000.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Canadian National Railway by 2.8% in the first quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company’s stock valued at $2,683,831,000 after acquiring an additional 554,280 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Canadian National Railway by 5.0% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 13,067,300 shares of the transportation company’s stock worth $1,421,649,000 after buying an additional 625,500 shares in the last quarter. Norges Bank bought a new position in Canadian National Railway during the fourth quarter valued at approximately $727,713,000. Deutsche Bank AG lifted its position in Canadian National Railway by 7.3% during the third quarter. Deutsche Bank AG now owns 5,575,661 shares of the transportation company’s stock valued at $604,011,000 after purchasing an additional 378,513 shares during the period. Finally, Cibc World Market Inc. lifted its position in Canadian National Railway by 1.9% during the second quarter. Cibc World Market Inc. now owns 5,095,870 shares of the transportation company’s stock valued at $617,619,000 after purchasing an additional 95,552 shares during the period. 67.60% of the stock is owned by institutional investors.

Canadian National Railway Stock Up 0.3 %

Shares of NYSE CNI traded up $0.44 during midday trading on Friday, hitting $128.62. The company’s stock had a trading volume of 839,023 shares, compared to its average volume of 1,023,799. The business’s fifty day simple moving average is $127.45 and its two-hundred day simple moving average is $118.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $132.12. The firm has a market capitalization of $82.57 billion, a price-to-earnings ratio of 20.29, a price-to-earnings-growth ratio of 2.89 and a beta of 0.88.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. On average, equities analysts predict that Canadian National Railway will post 5.95 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Thursday, March 7th will be paid a $0.638 dividend. The ex-dividend date of this dividend is Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a yield of 1.98%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s payout ratio is currently 39.59%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Citigroup increased their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 24th. Susquehanna Bancshares increased their price objective on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. TD Securities cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Deutsche Bank Aktiengesellschaft lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating and lowered their price objective for the company from $125.00 to $121.00 in a research report on Monday, November 27th. Finally, CIBC lowered shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Seventeen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $144.20.

Get Our Latest Research Report on CNI

Canadian National Railway Profile

(Free Report)

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.

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