Ameritas Advisory Services LLC Purchases Shares of 974 Canadian National Railway Company $CNI

Ameritas Advisory Services LLC bought a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 974 shares of the transportation company’s stock, valued at approximately $101,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Empirical Financial Services LLC d.b.a. Empirical Wealth Management bought a new stake in shares of Canadian National Railway during the 2nd quarter valued at about $331,000. Gold Investment Management Ltd. boosted its position in shares of Canadian National Railway by 1.4% during the 2nd quarter. Gold Investment Management Ltd. now owns 51,016 shares of the transportation company’s stock valued at $5,325,000 after purchasing an additional 694 shares in the last quarter. Ninety One UK Ltd boosted its position in shares of Canadian National Railway by 7.9% during the 2nd quarter. Ninety One UK Ltd now owns 2,050,826 shares of the transportation company’s stock valued at $213,259,000 after purchasing an additional 149,484 shares in the last quarter. Union Bancaire Privee UBP SA boosted its position in shares of Canadian National Railway by 793.4% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 43,024 shares of the transportation company’s stock valued at $4,476,000 after purchasing an additional 38,208 shares in the last quarter. Finally, White Pine Investment CO boosted its position in shares of Canadian National Railway by 0.3% during the 2nd quarter. White Pine Investment CO now owns 52,234 shares of the transportation company’s stock valued at $5,434,000 after purchasing an additional 155 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Bank of America cut their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Citigroup dropped their price target on Canadian National Railway from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, July 9th. Wells Fargo & Company dropped their price target on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. National Bank Financial downgraded Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. Finally, Wall Street Zen downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Saturday, October 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $114.30.

Canadian National Railway Stock Performance

CNI stock opened at $94.51 on Friday. The firm has a market cap of $58.67 billion, a PE ratio of 18.18, a P/E/G ratio of 2.15 and a beta of 0.96. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90. The business has a 50 day moving average of $94.54 and a 200-day moving average of $98.95. Canadian National Railway Company has a 12-month low of $91.07 and a 12-month high of $116.79.

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

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 8th were issued a $0.6507 dividend. 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%. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s dividend payout ratio is currently 50.19%.

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.