Canadian National Railway Company $CNI Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,119,084 shares of the transportation company’s stock after purchasing an additional 209,319 shares during the period. Geode Capital Management LLC’s holdings in Canadian National Railway were worth $514,884,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CNI. Lazard Asset Management LLC lifted its holdings in shares of Canadian National Railway by 639,137.0% in 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 buying an additional 8,954,310 shares during the period. Troy Asset Management Ltd lifted its holdings in shares of Canadian National Railway by 158.8% in 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 buying an additional 1,680,223 shares during the period. Quadrature Capital Ltd lifted its holdings in shares of Canadian National Railway by 1,693.5% in the 3rd quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock valued at $164,043,000 after buying an additional 1,642,700 shares during the period. Bank of America Corp DE lifted its holdings in shares of Canadian National Railway by 52.0% in 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 buying an additional 935,425 shares during the period. Finally, Fiera Capital Corp lifted its holdings in shares of Canadian National Railway by 11.6% in the 3rd quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock valued at $610,076,000 after buying an additional 671,127 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE CNI opened at $118.54 on Monday. The stock has a market capitalization of $72.04 billion, a price-to-earnings ratio of 21.55, a PEG ratio of 2.27 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $119.87. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. The stock has a 50-day moving average of $109.59 and a 200 day moving average of $103.86.

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

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be paid a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s payout ratio is 48.73%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CNI. Citigroup boosted their price objective on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the stock from $117.00 to $122.00 in a report on Thursday, April 9th. Barclays upped their price target on Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Weiss Ratings raised Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 20th. Finally, UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Profile

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.