Canadian National Railway (NYSE:CNI) (TSE:CNR) was the recipient of unusually large options trading activity on Monday. Stock traders purchased 823 call options on the stock. This represents an increase of approximately 857% compared to the typical volume of 86 call options.

Several large investors have recently added to or reduced their stakes in the company. Harding Loevner LP increased its stake in shares of Canadian National Railway by 2,838.1% in the 3rd quarter. Harding Loevner LP now owns 180,965,047 shares of the transportation company’s stock valued at $366,305,000 after acquiring an additional 174,805,844 shares in the last quarter. TD Asset Management Inc. increased its stake in shares of Canadian National Railway by 4.1% in the 2nd quarter. TD Asset Management Inc. now owns 18,836,822 shares of the transportation company’s stock valued at $1,526,012,000 after acquiring an additional 740,664 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Canadian National Railway by 15.5% in the 2nd quarter. Vanguard Group Inc. now owns 16,793,837 shares of the transportation company’s stock valued at $1,361,140,000 after acquiring an additional 2,251,612 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Canadian National Railway by 0.3% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 15,870,472 shares of the transportation company’s stock valued at $1,317,389,000 after acquiring an additional 46,700 shares in the last quarter. Finally, Jarislowsky Fraser Ltd increased its stake in shares of Canadian National Railway by 0.3% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 10,255,502 shares of the transportation company’s stock valued at $847,732,000 after acquiring an additional 25,974 shares in the last quarter. Institutional investors own 53.83% of the company’s stock.

Shares of Canadian National Railway (NYSE CNI) opened at $79.83 on Thursday. The firm has a market cap of $59,083.66, a price-to-earnings ratio of 20.52, a PEG ratio of 2.13 and a beta of 1.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.61 and a quick ratio of 0.49. Canadian National Railway has a one year low of $66.58 and a one year high of $84.48.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be paid a $0.3304 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $1.32 annualized dividend and a dividend yield of 1.66%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s payout ratio is currently 33.85%.

Canadian National Railway announced that its board has authorized a stock repurchase plan on Tuesday, October 24th that authorizes the company to repurchase 31,000,000 shares. This repurchase authorization authorizes the transportation company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

CNI has been the subject of several analyst reports. TD Securities upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a report on Thursday, November 30th. They noted that the move was a valuation call. Goldman Sachs Group initiated coverage on shares of Canadian National Railway in a report on Monday, November 13th. They set a “buy” rating and a $85.00 price target for the company. Desjardins upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a report on Wednesday, October 25th. Cowen restated a “buy” rating and set a $83.00 price target on shares of Canadian National Railway in a report on Sunday, September 24th. Finally, Stifel Nicolaus restated a “hold” rating and set a $89.00 price target on shares of Canadian National Railway in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the company. Canadian National Railway currently has a consensus rating of “Hold” and an average price target of $79.67.

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Canadian National Railway Company Profile

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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