PDS Planning Inc Acquires 284 Shares of Canadian National Railway (NYSE:CNI)

PDS Planning Inc lifted its holdings in shares of Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) by 12.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,550 shares of the transportation company’s stock after purchasing an additional 284 shares during the period. PDS Planning Inc’s holdings in Canadian National Railway were worth $287,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CNI. ICW Investment Advisors LLC boosted its holdings in Canadian National Railway by 0.7% in the first quarter. ICW Investment Advisors LLC now owns 13,508 shares of the transportation company’s stock worth $1,812,000 after acquiring an additional 97 shares in the last quarter. Dempze Nancy E boosted its holdings in Canadian National Railway by 0.3% in the first quarter. Dempze Nancy E now owns 33,270 shares of the transportation company’s stock worth $4,464,000 after acquiring an additional 99 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in Canadian National Railway by 4.2% in the fourth quarter. Evergreen Capital Management LLC now owns 2,513 shares of the transportation company’s stock worth $309,000 after acquiring an additional 102 shares in the last quarter. MAI Capital Management boosted its holdings in Canadian National Railway by 6.3% in the first quarter. MAI Capital Management now owns 1,796 shares of the transportation company’s stock worth $241,000 after acquiring an additional 107 shares in the last quarter. Finally, Brinker Capital Investments LLC boosted its holdings in Canadian National Railway by 1.0% in the first quarter. Brinker Capital Investments LLC now owns 11,687 shares of the transportation company’s stock worth $1,568,000 after acquiring an additional 113 shares in the last quarter. Institutional investors own 79.45% of the company’s stock.

Canadian National Railway Stock Down 0.6 %

Shares of NYSE:CNI opened at $113.81 on Friday. Canadian National Railway has a 1 year low of $106.61 and a 1 year high of $137.19. The company has a market cap of $77.63 billion, a PE ratio of 19.79, a P/E/G ratio of 1.73 and a beta of 0.86. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.71 and a quick ratio of 0.55. The stock’s 50-day moving average is $121.45 and its 200 day moving average is $119.91.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last posted its earnings results on Tuesday, July 26th. The transportation company reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.14. Canadian National Railway had a return on equity of 20.63% and a net margin of 33.32%. The firm had revenue of $3.40 billion for the quarter, compared to the consensus estimate of $3.17 billion. Sell-side analysts anticipate that Canadian National Railway will post 5.79 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 29th. Shareholders of record on Thursday, September 8th will be issued a dividend of $0.569 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.00%. Canadian National Railway’s dividend payout ratio (DPR) is 38.78%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNI. JPMorgan Chase & Co. cut their price target on Canadian National Railway from C$162.00 to C$148.00 in a report on Tuesday, July 12th. Evercore ISI dropped their target price on Canadian National Railway from $128.00 to $122.00 and set an “outperform” rating on the stock in a report on Tuesday, July 12th. Stifel Nicolaus raised their target price on Canadian National Railway from $113.00 to $119.00 in a report on Wednesday, July 27th. Susquehanna dropped their target price on Canadian National Railway from $137.00 to $127.00 in a report on Wednesday, July 6th. Finally, Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the company from $128.00 to $135.00 in a report on Monday, September 12th. Twelve investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $142.58.

Canadian National Railway Profile

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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