Act Two Investors LLC Purchases 38,688 Shares of Canadian National Railway Company $CNI

Act Two Investors LLC grew its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 35.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 146,385 shares of the transportation company’s stock after purchasing an additional 38,688 shares during the quarter. Canadian National Railway makes up about 2.5% of Act Two Investors LLC’s investment portfolio, making the stock its 14th largest position. Act Two Investors LLC’s holdings in Canadian National Railway were worth $14,470,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CNI. Lazard Asset Management LLC increased its position in shares of Canadian National Railway by 639,137.0% during the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after purchasing an additional 8,954,310 shares during the last quarter. Norges Bank bought a new position in shares of Canadian National Railway during the 4th quarter valued at about $570,161,000. Troy Asset Management Ltd increased its position in shares of Canadian National Railway by 158.8% during the 3rd quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock valued at $258,220,000 after purchasing an additional 1,680,223 shares during the last quarter. Quadrature Capital Ltd increased its position in shares of Canadian National Railway by 1,693.5% during the 3rd quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock valued at $164,043,000 after purchasing an additional 1,642,700 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Canadian National Railway by 52.0% during the 3rd quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company’s stock valued at $257,814,000 after acquiring an additional 935,425 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent research reports. Weiss Ratings upgraded Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Royal Bank Of Canada raised their price target on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Sanford C. Bernstein raised their price target on Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research report on Tuesday, March 31st. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Barclays raised their price target on Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 30th. Nine analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Trading Down 0.2%

NYSE CNI opened at $118.54 on Friday. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $119.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The stock has a 50 day simple moving average of $109.59 and a two-hundred day simple moving average of $103.80. The stock has a market cap of $72.04 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the business posted $1.85 EPS. The business’s revenue was down .5% on a year-over-year basis. On average, analysts forecast that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.73%.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.