MassMutual Private Wealth & Trust FSB Buys 167 Shares of Canadian National Railway Company $CNI

MassMutual Private Wealth & Trust FSB grew its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 42.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 558 shares of the transportation company’s stock after buying an additional 167 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Canadian National Railway were worth $58,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CNI. The Manufacturers Life Insurance Company increased its position in shares of Canadian National Railway by 37.3% in the first quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company’s stock worth $518,260,000 after purchasing an additional 1,439,617 shares during the last quarter. Nuveen LLC bought a new position in shares of Canadian National Railway in the first quarter worth approximately $112,216,000. Price T Rowe Associates Inc. MD increased its position in shares of Canadian National Railway by 20.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock worth $646,983,000 after purchasing an additional 1,148,569 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Canadian National Railway by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after purchasing an additional 755,518 shares during the last quarter. Finally, Canada Pension Plan Investment Board increased its position in shares of Canadian National Railway by 34.8% in the first quarter. Canada Pension Plan Investment Board now owns 2,858,739 shares of the transportation company’s stock worth $278,242,000 after purchasing an additional 737,879 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. National Bank Financial cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. Argus upgraded shares of Canadian National Railway to a “hold” rating in a research report on Friday, June 27th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Evercore ISI cut shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target on the stock. in a research report on Wednesday, July 23rd. Finally, Wall Street Zen upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Friday, May 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of $118.36.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $93.38 on Friday. Canadian National Railway Company has a 1-year low of $91.07 and a 1-year high of $118.76. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The business has a fifty day moving average price of $95.64 and a 200-day moving average price of $99.34. The company has a market capitalization of $57.97 billion, a PE ratio of 17.96, a PEG ratio of 2.15 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the business earned $1.84 earnings per share. Canadian National Railway’s revenue was down 1.3% compared to the same quarter last year. As a group, equities analysts expect that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be issued a dividend of $0.6507 per share. The ex-dividend date is Monday, September 8th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio is 50.19%.

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.