21,654 Shares in Canadian National Railway (NYSE:CNI) Purchased by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC acquired a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,654 shares of the transportation company's stock, valued at approximately $2,198,000. Canadian National Railway makes up approximately 1.0% of Wealthedge Investment Advisors LLC's portfolio, making the stock its 27th biggest holding.

Several other hedge funds have also recently modified their holdings of CNI. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway in the 4th quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $30,000. Lee Danner & Bass Inc. acquired a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $30,000. Addison Advisors LLC grew its stake in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the period. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $52,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Price Performance

CNI stock traded up $0.01 during midday trading on Friday, reaching $104.99. The stock had a trading volume of 1,187,327 shares, compared to its average volume of 1,323,314. The company's fifty day simple moving average is $100.43 and its 200 day simple moving average is $102.13. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company has a market cap of $65.99 billion, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $127.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.72 EPS. As a group, sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

CNI has been the topic of a number of analyst reports. Barclays dropped their price objective on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Stephens raised their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Citigroup dropped their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of "Moderate Buy" and a consensus price target of $119.52.

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.