Reston Wealth Management LLC Makes New Investment in Canadian National Railway (NYSE:CNI)

Reston Wealth Management LLC acquired a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 353 shares of the transportation company’s stock, valued at approximately $41,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Canadian National Railway in the second quarter worth approximately $26,000. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. Fortitude Family Office LLC boosted its stake in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares in the last quarter. ORG Partners LLC acquired a new stake in Canadian National Railway in the second quarter worth $34,000. Finally, Daiwa Securities Group Inc. bought a new stake in Canadian National Railway in the first quarter valued at $64,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 0.3 %

Shares of Canadian National Railway stock opened at $108.20 on Friday. The firm has a market cap of $68.04 billion, a PE ratio of 17.34, a P/E/G ratio of 2.42 and a beta of 0.89. Canadian National Railway has a 1 year low of $107.56 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The stock has a fifty day moving average price of $115.40 and a 200-day moving average price of $118.82.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 earnings per share. Equities research analysts anticipate that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.26%. Canadian National Railway’s payout ratio is 39.26%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CNI. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Stifel Nicolaus increased their target price on Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. Stephens restated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group reduced their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.18.

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.