Allworth Financial LP Raises Stock Holdings in Canadian National Railway (NYSE:CNI)

Allworth Financial LP boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,191 shares of the transportation company’s stock after purchasing an additional 167 shares during the period. Allworth Financial LP’s holdings in Canadian National Railway were worth $401,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Arkadios Wealth Advisors boosted its position in Canadian National Railway by 9.4% during the fourth quarter. Arkadios Wealth Advisors now owns 3,515 shares of the transportation company’s stock worth $442,000 after purchasing an additional 301 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Canadian National Railway during the fourth quarter worth approximately $47,980,000. Tempus Wealth Planning LLC boosted its position in Canadian National Railway by 3.6% during the fourth quarter. Tempus Wealth Planning LLC now owns 6,532 shares of the transportation company’s stock worth $821,000 after purchasing an additional 227 shares in the last quarter. Trust Point Inc. purchased a new position in Canadian National Railway during the fourth quarter worth approximately $452,000. Finally, Howland Capital Management LLC boosted its position in Canadian National Railway by 41.0% during the fourth quarter. Howland Capital Management LLC now owns 3,244 shares of the transportation company’s stock worth $408,000 after purchasing an additional 944 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.4 %

NYSE CNI opened at $130.99 on Wednesday. The firm has a 50 day simple moving average of $129.53 and a 200-day simple moving average of $120.76. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The firm has a market cap of $83.88 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 2.33 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 EPS for the quarter, beating the consensus estimate of $1.46 by $0.02. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. The business had revenue of $3.28 billion during the quarter, compared to analyst estimates of $3.25 billion. Equities research analysts anticipate that Canadian National Railway will post 5.96 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.638 dividend. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a yield of 1.95%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s payout ratio is currently 39.59%.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on Canadian National Railway in a research report on Monday. They set a “hold” rating and a $130.00 price target on the stock. TD Securities cut Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Citigroup increased their target price on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. CIBC cut Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Finally, Bank of America increased their target price on Canadian National Railway from $131.00 to $140.00 and gave the company a “neutral” rating in a report on Thursday, March 21st. Eighteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $146.71.

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.