Canadian National Railway Company $CNI Holdings Raised by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC lifted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 28.8% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 124,426 shares of the transportation company’s stock after purchasing an additional 27,857 shares during the quarter. Cardinal Point Capital Management ULC’s holdings in Canadian National Railway were worth $11,730,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNI. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 150 shares in the last quarter. Hollencrest Capital Management purchased a new position in Canadian National Railway during the 3rd quarter worth approximately $28,000. First Horizon Corp acquired a new stake in Canadian National Railway during the 3rd quarter valued at $30,000. Curio Wealth LLC lifted its holdings in shares of Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 316 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in shares of Canadian National Railway in the third quarter worth $50,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 1.4%

Canadian National Railway stock opened at $101.41 on Monday. Canadian National Railway Company has a one year low of $90.74 and a one year high of $108.75. The company’s fifty day moving average price is $98.60 and its two-hundred day moving average price is $96.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.47. The company has a market capitalization of $62.31 billion, a price-to-earnings ratio of 18.68, a PEG ratio of 2.13 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.43 by $0.06. The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.82 EPS. On average, analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be given a $0.915 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, March 10th. Canadian National Railway’s payout ratio is 46.59%.

Analysts Set New Price Targets

CNI has been the topic of several recent analyst reports. Vertical Research raised Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Canadian Imperial Bank of Commerce raised Canadian National Railway from a “hold” rating to an “outperformer” rating and lifted their target price for the company from $146.00 to $151.00 in a research note on Friday, November 28th. Royal Bank Of Canada dropped their target price on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating on the stock in a report on Monday, February 2nd. Citigroup decreased their price target on shares of Canadian National Railway from $119.00 to $115.00 and set a “buy” rating for the company in a report on Monday, February 2nd. Finally, Wall Street Zen raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Ten research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of $118.91.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.