International Assets Investment Management LLC Acquires New Holdings in Canadian National Railway (NYSE:CNI)

International Assets Investment Management LLC bought a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, HoldingsChannel reports. The fund bought 38,192 shares of the transportation company’s stock, valued at approximately $47,980,000.

Several other institutional investors also recently modified their holdings of the stock. JFS Wealth Advisors LLC grew its position in Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after acquiring an additional 229 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 202 shares in the last quarter. Rational Advisors LLC bought a new stake in shares of Canadian National Railway during the third quarter worth about $41,000. Crewe Advisors LLC acquired a new position in shares of Canadian National Railway in the third quarter valued at approximately $43,000. Finally, Clearstead Advisors LLC raised its holdings in Canadian National Railway by 100.0% in the 3rd quarter. Clearstead Advisors LLC now owns 600 shares of the transportation company’s stock valued at $65,000 after buying an additional 300 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CNI shares. Benchmark restated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. StockNews.com raised Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Thursday. Susquehanna Bancshares lifted their price objective on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, January 8th. Jefferies Financial Group began coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 target price on the stock. Finally, Wells Fargo & Company raised their price target on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Seventeen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $149.05.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $123.54 on Friday. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $128.89 and a 200-day moving average price of $122.72. The company has a market cap of $78.90 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 2.12 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 2.02%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.03%.

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.