Brown Advisory Inc. Purchases 87,943 Shares of Canadian National Railway Company $CNI

Brown Advisory Inc. lifted its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.8% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 899,287 shares of the transportation company’s stock after buying an additional 87,943 shares during the quarter. Brown Advisory Inc. owned about 0.14% of Canadian National Railway worth $93,562,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC boosted its holdings in Canadian National Railway by 6.5% in the 1st quarter. LPL Financial LLC now owns 105,638 shares of the transportation company’s stock valued at $10,296,000 after purchasing an additional 6,432 shares during the period. Vanguard Group Inc. raised its position in shares of Canadian National Railway by 0.8% in the first quarter. Vanguard Group Inc. now owns 23,165,939 shares of the transportation company’s stock valued at $2,254,370,000 after buying an additional 179,261 shares in the last quarter. ASR Vermogensbeheer N.V. bought a new stake in shares of Canadian National Railway in the first quarter valued at approximately $1,092,000. Charles Schwab Investment Management Inc. grew its position 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 buying an additional 43,396 shares in the last quarter. Finally, Chicago Partners Investment Group LLC bought a new position in Canadian National Railway during the 1st quarter worth $218,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Citigroup upped their target price on Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” 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 note on Saturday, October 18th. Evercore ISI boosted their price target on Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a report on Monday, November 3rd. Susquehanna raised their price objective on Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a research note on Monday, November 3rd. Finally, Royal Bank Of Canada lifted 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. Two equities 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 given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $117.36.

Canadian National Railway Price Performance

Shares of CNI opened at $98.08 on Friday. The company has a quick ratio of 0.42, a current ratio of 0.60 and a debt-to-equity ratio of 0.92. The stock has a market cap of $60.47 billion, a PE ratio of 18.61, a PEG ratio of 2.23 and a beta of 0.96. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $109.50. The business has a 50-day simple moving average of $95.26 and a two-hundred day simple moving average of $97.82.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results 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. Canadian National Railway had a return on equity of 21.50% and a net margin of 26.86%.The company had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $4.15 billion. During the same period in the previous year, the business posted $1.72 earnings per share. The business’s quarterly revenue was up 1.3% compared to the same quarter last year. Analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

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

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.