Capital International Ltd. CA Buys 8,685 Shares of Canadian National Railway Company $CNI

Capital International Ltd. CA raised its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 16.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,579 shares of the transportation company’s stock after acquiring an additional 8,685 shares during the period. Capital International Ltd. CA’s holdings in Canadian National Railway were worth $6,091,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNI. High Point Wealth Management LLC bought a new stake in Canadian National Railway in the 4th quarter valued at $27,000. Costello Asset Management INC increased its holdings in Canadian National Railway by 83.3% in the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares during the last quarter. Curio Wealth LLC bought a new stake in Canadian National Railway in the 4th quarter valued at $31,000. Leonteq Securities AG bought a new stake in Canadian National Railway in the 4th quarter valued at $39,000. Finally, Fulcrum Asset Management LLP bought a new stake in Canadian National Railway in the 3rd quarter valued at $51,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $120.50 on Friday. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $122.48. The stock has a market capitalization of $73.23 billion, a P/E ratio of 21.91, a PEG ratio of 2.31 and a beta of 0.96. The firm has a fifty day simple moving average of $111.57 and a two-hundred day simple moving average of $104.63. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95.

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

Canadian National Railway Announces Dividend

The firm 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 $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.73%.

Analysts Set New Price Targets

A number of brokerages have issued reports on CNI. Weiss Ratings downgraded shares of Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $117.00 to $122.00 in a report on Thursday, April 9th. Barclays lifted their price target on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Sanford C. Bernstein lifted their price objective on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Finally, Citigroup lifted their price objective on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $122.04.

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.