Canadian National Railway Company $CNI Shares Acquired by Aviso Financial Inc.

Aviso Financial Inc. increased its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 175,101 shares of the transportation company’s stock after buying an additional 6,109 shares during the quarter. Canadian National Railway comprises about 0.8% of Aviso Financial Inc.’s investment portfolio, making the stock its 28th biggest position. Aviso Financial Inc.’s holdings in Canadian National Railway were worth $18,242,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its stake in shares of Canadian National Railway by 14.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 28,122 shares of the transportation company’s stock valued at $2,741,000 after purchasing an additional 3,644 shares in the last quarter. Cetera Investment Advisers raised its holdings in Canadian National Railway by 12.8% in the first quarter. Cetera Investment Advisers now owns 50,750 shares of the transportation company’s stock valued at $4,946,000 after buying an additional 5,754 shares during the period. Mediolanum International Funds Ltd lifted its position in Canadian National Railway by 2.8% during the first quarter. Mediolanum International Funds Ltd now owns 49,470 shares of the transportation company’s stock valued at $4,832,000 after buying an additional 1,326 shares in the last quarter. HB Wealth Management LLC purchased a new stake in Canadian National Railway during the first quarter worth approximately $1,165,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Canadian National Railway by 63.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 407,861 shares of the transportation company’s stock worth $39,685,000 after acquiring an additional 158,335 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CNI shares. Evercore ISI lifted their target price on shares of Canadian National Railway from $98.00 to $103.00 and gave the company an “in-line” rating in a report on Monday, November 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Canadian National Railway in a research note on Wednesday, October 8th. Bank of America decreased their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Finally, Barclays decreased their price target on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $114.00.

Canadian National Railway Trading Down 2.3%

CNI opened at $90.88 on Tuesday. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $112.97. 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 stock has a market capitalization of $56.03 billion, a PE ratio of 17.48, a P/E/G ratio of 2.13 and a beta of 0.95. The firm’s fifty day moving average price is $94.77 and its 200 day moving average price is $98.33.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.05. The company had revenue of $2.99 billion during the quarter, compared to analyst estimates of $4.15 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.72 EPS. As a group, research analysts expect that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.8875 per share. The ex-dividend date is Tuesday, December 9th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a yield of 3.9%. Canadian National Railway’s payout ratio is currently 48.01%.

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.