Beutel Goodman & Co Ltd. Has $429.98 Million Holdings in Canadian National Railway Company $CNI

Beutel Goodman & Co Ltd. cut its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,134,954 shares of the transportation company’s stock after selling 127,737 shares during the quarter. Canadian National Railway accounts for approximately 2.4% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 8th largest position. Beutel Goodman & Co Ltd. owned 0.66% of Canadian National Railway worth $429,980,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC grew its stake in shares of Canadian National Railway by 6.5% in the 1st quarter. LPL Financial LLC now owns 105,638 shares of the transportation company’s stock worth $10,296,000 after buying an additional 6,432 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Canadian National Railway by 1.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 69,430 shares of the transportation company’s stock valued at $6,767,000 after acquiring an additional 910 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Canadian National Railway by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company’s stock valued at $2,254,370,000 after acquiring an additional 179,261 shares during the last quarter. ASR Vermogensbeheer N.V. purchased a new position in Canadian National Railway in the first quarter worth about $1,092,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Canadian National Railway by 3.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,462,440 shares of the transportation company’s stock worth $142,297,000 after acquiring an additional 43,396 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $98.54 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.42 and a current ratio of 0.60. The company has a market capitalization of $60.75 billion, a PE ratio of 18.70, a P/E/G ratio of 2.23 and a beta of 0.96. The company has a 50 day moving average price of $95.16 and a 200-day moving average price of $97.89. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $109.93.

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 (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.Canadian National Railway’s revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.72 earnings per share. As a group, equities analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.8875 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, December 9th. Canadian National Railway’s payout ratio is 49.53%.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price objective on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Royal Bank Of Canada boosted their target price on Canadian National Railway from $148.00 to $158.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Evercore ISI lifted their price objective on shares of Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a research note on Monday, November 3rd. Finally, Cibc Captl Mkts upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday, November 28th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.36.

Canadian National Railway 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.