Centurion Wealth Management LLC Buys 452 Shares of Canadian National Railway (NYSE:CNI)

Centurion Wealth Management LLC boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 23.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,415 shares of the transportation company’s stock after acquiring an additional 452 shares during the quarter. Centurion Wealth Management LLC’s holdings in Canadian National Railway were worth $245,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the fourth quarter valued at about $25,000. Coastline Trust Co bought a new stake in Canadian National Railway in the 3rd quarter valued at approximately $34,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway during the 4th quarter worth approximately $30,000. Addison Advisors LLC grew its stake in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CNI has been the subject of a number of analyst reports. Susquehanna decreased their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price objective on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Royal Bank of Canada lowered their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company lowered their price target 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Trading Up 1.9 %

Shares of NYSE:CNI opened at $97.70 on Monday. The stock has a market cap of $61.40 billion, a PE ratio of 19.08, a P/E/G ratio of 1.95 and a beta of 0.91. The business has a 50 day moving average of $101.77 and a 200-day moving average of $107.84. 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 has a 12-month low of $93.64 and a 12-month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share 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. Stockholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. 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 dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio is 47.66%.

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.