Canadian National Railway (NYSE:CNI) Holdings Lifted by Farther Finance Advisors LLC

Farther Finance Advisors LLC boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 310.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,404 shares of the transportation company’s stock after buying an additional 1,062 shares during the period. Farther Finance Advisors LLC’s holdings in Canadian National Railway were worth $164,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at approximately $26,000. Addison Advisors LLC grew its position in Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after acquiring an additional 148 shares in the last quarter. Fortitude Family Office LLC increased its stake in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares during the last quarter. ORG Partners LLC bought a new position in shares of Canadian National Railway during the 2nd quarter valued at $34,000. Finally, Reston Wealth Management LLC bought a new position in shares of Canadian National Railway during the 3rd quarter valued at $41,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 2.2 %

Shares of CNI opened at $110.80 on Monday. The stock’s 50-day moving average price is $114.71 and its 200 day moving average price is $118.15. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12-month low of $107.54 and a 12-month high of $134.02. The firm has a market capitalization of $69.67 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 2.49 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. As a group, research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s payout ratio is 39.26%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on CNI shares. Evercore ISI lowered their target price on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Royal Bank of Canada upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Citigroup raised their target price on shares of Canadian National Railway from $125.00 to $126.00 and gave the company a “neutral” rating in a research note on Thursday, October 24th. Finally, Veritas upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $125.18.

About Canadian National Railway

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.