Pathway Financial Advisers LLC Takes $217,000 Position in Canadian National Railway (NYSE:CNI)

Pathway Financial Advisers LLC acquired a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,649 shares of the transportation company’s stock, valued at approximately $217,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bfsg LLC increased its stake in Canadian National Railway by 110.5% in the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 105 shares during the last quarter. GAMMA Investing LLC increased its stake in Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares during the last quarter. Keener Financial Planning LLC acquired a new position in Canadian National Railway in the fourth quarter valued at $46,000. Rational Advisors LLC acquired a new position in Canadian National Railway in the first quarter valued at $49,000. Finally, Knuff & Co LLC acquired a new position in Canadian National Railway in the fourth quarter valued at $50,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNI has been the subject of several research analyst reports. Stifel Nicolaus dropped their price target on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating for the company in a research note on Wednesday, July 24th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their price target for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Susquehanna dropped their price target on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a research note on Wednesday, July 24th. National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Finally, Wells Fargo & Company dropped their price target on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 24th. Sixteen equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $138.35.

Canadian National Railway Stock Down 0.8 %

Shares of CNI stock traded down $0.90 during trading hours on Friday, hitting $112.35. 1,305,366 shares of the company were exchanged, compared to its average volume of 1,232,382. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The business’s 50-day simple moving average is $119.99 and its two-hundred day simple moving average is $125.11. The stock has a market capitalization of $70.72 billion, a price-to-earnings ratio of 17.92, a P/E/G ratio of 2.30 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same period in the prior year, the business earned $1.31 EPS. The business’s revenue was up 6.7% on a year-over-year basis. Sell-side analysts predict that Canadian National Railway will post 5.64 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be issued a $0.614 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.19%. Canadian National Railway’s dividend payout ratio is currently 39.23%.

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.