Canadian National Railway (NYSE:CNI) Shares Purchased by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich grew its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,447 shares of the transportation company’s stock after purchasing an additional 866 shares during the quarter. Lester Murray Antman dba SimplyRich’s holdings in Canadian National Railway were worth $1,872,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Fortitude Family Office LLC lifted its position in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares in the last quarter. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Coastline Trust Co acquired a new position in shares of Canadian National Railway during the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the period. Finally, Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway in the third quarter valued at $41,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Stifel Nicolaus boosted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Susquehanna cut their price target on Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada lowered their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target for the company in a research report on Friday, January 10th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $102.85 on Wednesday. The company has a market cap of $64.67 billion, a PE ratio of 20.09, a P/E/G ratio of 1.94 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02. The firm has a 50-day simple moving average of $103.38 and a 200 day simple moving average of $110.07. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, sell-side analysts anticipate that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.6159 dividend. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.40%. Canadian National Railway’s dividend payout ratio (DPR) is currently 46.68%.

Canadian National Railway Company Profile

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.