Congress Wealth Management LLC DE Buys Shares of 1,955 Canadian National Railway (NYSE:CNI)

Congress Wealth Management LLC DE bought a new stake in Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,955 shares of the transportation company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNI. Rational Advisors LLC purchased a new stake in shares of Canadian National Railway during the 3rd quarter valued at approximately $41,000. Crewe Advisors LLC purchased a new stake in shares of Canadian National Railway during the 3rd quarter valued at approximately $43,000. Keener Financial Planning LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at approximately $46,000. Knuff & Co LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at approximately $50,000. Finally, Clearstead Advisors LLC lifted its stake in shares of Canadian National Railway by 100.0% during 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 in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $123.21 on Thursday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company’s fifty day moving average price is $127.54 and its 200-day moving average price is $125.29. The firm has a market capitalization of $78.45 billion, a price-to-earnings ratio of 19.65, a PEG ratio of 2.17 and a beta of 0.89.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. On average, equities research analysts anticipate that Canadian National Railway will post 5.9 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is currently 39.71%.

Wall Street Analysts Forecast Growth

CNI has been the topic of a number of recent research reports. Stephens restated an “equal weight” rating and set a $140.00 price target on shares of Canadian National Railway in a research note on Wednesday, April 24th. Barclays upped their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Stifel Nicolaus upped their target price on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Susquehanna upped their target price on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Eighteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $149.05.

Check Out Our Latest Stock Report on CNI

Canadian National Railway Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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