Private Advisor Group LLC Purchases 1,671 Shares of Canadian National Railway (NYSE:CNI)

Private Advisor Group LLC lifted its position in Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) by 19.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,263 shares of the transportation company’s stock after buying an additional 1,671 shares during the period. Private Advisor Group LLC’s holdings in Canadian National Railway were worth $1,352,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Bfsg LLC increased its position in shares of Canadian National Railway by 110.5% in the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after buying an additional 105 shares in the last quarter. GAMMA Investing LLC boosted its stake in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after purchasing an additional 207 shares during the period. Keener Financial Planning LLC acquired a new position in Canadian National Railway in the 4th quarter worth $46,000. Rational Advisors LLC acquired a new position in Canadian National Railway in the 1st quarter worth $49,000. Finally, Knuff & Co LLC acquired a new position in Canadian National Railway in the 4th quarter worth $50,000. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 target price for the company. 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 research note on Thursday, April 4th. Susquehanna reduced their target price on shares of Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. StockNews.com downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Finally, Sanford C. Bernstein downgraded shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $146.25 to $130.67 in a research note on Monday. Nineteen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $148.03.

Get Our Latest Analysis on Canadian National Railway

Canadian National Railway Stock Up 2.6 %

Canadian National Railway stock opened at $118.54 on Thursday. The stock has a market cap of $75.21 billion, a P/E ratio of 18.91, a P/E/G ratio of 2.05 and a beta of 0.89. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company’s 50-day moving average price is $122.75 and its two-hundred day moving average price is $125.97.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last released its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. As a group, analysts expect that Canadian National Railway will post 5.89 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.11%. Canadian National Railway’s dividend payout ratio is presently 39.08%.

About Canadian National Railway

(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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