Canadian National Railway (NYSE:CNI) Shares Bought by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC raised its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 22.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 841 shares of the transportation company’s stock after purchasing an additional 153 shares during the period. EverSource Wealth Advisors LLC’s holdings in Canadian National Railway were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CNI. Bfsg LLC grew its stake in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock worth $26,000 after buying an additional 105 shares during the last quarter. GAMMA Investing LLC grew its holdings in Canadian National Railway by 766.7% during the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares during the period. Keener Financial Planning LLC acquired a new position in Canadian National Railway during the fourth quarter worth $46,000. Rational Advisors LLC acquired a new position in Canadian National Railway during the first quarter worth $49,000. Finally, Knuff & Co LLC acquired a new position in Canadian National Railway during the fourth quarter worth $50,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.6 %

NYSE:CNI traded up $0.67 on Tuesday, hitting $111.77. 563,605 shares of the stock were exchanged, compared to its average volume of 1,088,068. The stock has a market cap of $70.68 billion, a PE ratio of 17.80, a PEG ratio of 2.28 and a beta of 0.89. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The stock has a fifty day moving average of $119.68 and a 200-day moving average of $125.03. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02.

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

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a $0.614 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.07%.

Wall Street Analyst Weigh In

A number of analysts have commented on CNI shares. Sanford C. Bernstein downgraded Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $146.25 to $130.67 in a research report on Monday, July 8th. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, July 24th. Stifel Nicolaus reduced their price objective on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Susquehanna reduced their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 24th. Finally, Wells Fargo & Company reduced their price objective on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Sixteen analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $138.35.

About Canadian National Railway

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.