Canadian National Railway (NYSE:CNI) Shares Bought by Korea Investment CORP

Korea Investment CORP lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 45.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 357,045 shares of the transportation company’s stock after purchasing an additional 111,454 shares during the period. Korea Investment CORP owned about 0.06% of Canadian National Railway worth $36,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares in the last quarter. Crestwood Advisors Group LLC lifted its position in shares of Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 114 shares during the last quarter. Lowe Brockenbrough & Co. Inc. boosted its stake in shares of Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock worth $1,167,000 after acquiring an additional 139 shares in the last quarter. Addison Advisors LLC boosted 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, Harbour Investments Inc. grew its holdings in shares of Canadian National Railway by 5.0% in the 4th quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock worth $335,000 after acquiring an additional 156 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Down 2.4 %

CNI opened at $97.39 on Friday. The company has a market capitalization of $61.20 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $132.27. The business has a 50-day moving average of $101.07 and a 200-day moving average of $106.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a $0.6159 dividend. 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 2.53%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s payout ratio is 47.66%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CNI. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Royal Bank of Canada reduced their price objective on shares of 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. Barclays dropped their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway 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.