CIBC Private Wealth Group LLC Purchases 122 Shares of Canadian National Railway (NYSE:CNI)

CIBC Private Wealth Group LLC boosted its position in shares of Canadian National Railway (NYSE:CNI – Get Rating) (TSE:CNR) by 0.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 276,253 shares of the transportation company’s stock after acquiring an additional 122 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Canadian National Railway were worth $29,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tempus Wealth Planning LLC raised its position in Canadian National Railway by 1.5% during the third quarter. Tempus Wealth Planning LLC now owns 6,213 shares of the transportation company’s stock worth $671,000 after acquiring an additional 89 shares in the last quarter. YorkBridge Wealth Partners LLC raised its position in shares of Canadian National Railway by 2.8% in the third quarter. YorkBridge Wealth Partners LLC now owns 3,344 shares of the transportation company’s stock valued at $361,000 after purchasing an additional 91 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of Canadian National Railway by 1.7% in the third quarter. Cullen Frost Bankers Inc. now owns 5,547 shares of the transportation company’s stock valued at $599,000 after purchasing an additional 92 shares during the period. Dempze Nancy E raised its position in shares of Canadian National Railway by 0.3% in the first quarter. Dempze Nancy E now owns 33,270 shares of the transportation company’s stock valued at $4,464,000 after purchasing an additional 99 shares during the period. Finally, Harrington Investments INC raised its position in shares of Canadian National Railway by 0.4% in the third quarter. Harrington Investments INC now owns 22,946 shares of the transportation company’s stock valued at $2,478,000 after purchasing an additional 100 shares during the period. 86.96% of the stock is owned by institutional investors.

Canadian National Railway Trading Down 0.0 %

Shares of Canadian National Railway stock opened at $116.17 on Wednesday. The company has a market capitalization of $77.85 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 2.01 and a beta of 0.91. The company has a quick ratio of 0.66, a current ratio of 0.84 and a debt-to-equity ratio of 0.67. Canadian National Railway has a 12-month low of $103.79 and a 12-month high of $137.19. The firm’s 50-day moving average price is $119.02 and its two-hundred day moving average price is $118.85.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid a dividend of $0.5906 per share. This represents a $2.36 dividend on an annualized basis and a yield of 2.03%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.53. The ex-dividend date is Thursday, March 9th. Canadian National Railway’s dividend payout ratio is presently 40.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNI shares. Credit Suisse Group dropped their price objective on shares of Canadian National Railway from $133.00 to $128.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 25th. The Goldman Sachs Group lowered shares of Canadian National Railway from a “neutral” rating to a “sell” rating in a research report on Tuesday, January 10th. Bank of America raised their price target on shares of Canadian National Railway from $131.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, November 29th. StockNews.com raised shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Wednesday, March 8th. Finally, Atb Cap Markets reaffirmed a “sector perform” rating on shares of Canadian National Railway in a research report on Tuesday, December 20th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $142.35.

Canadian National Railway Profile

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Canadian National Railway Co engages in rail and related transportation business. Its services include rail, intermodal, trucking, supply chain services, business development and maps and network. Its offers their services in automotive, coal, fertilizer, food and beverages, forest products, dimensional loads, grain, metals and minerals and petroleum and chemicals industries.