5,307 Shares in Canadian National Railway Company $CNI Acquired by Callan Family Office LLC

Key Points

• Callan Family Office LLC acquired 5,307 shares of Canadian National Railway Company, valued at approximately $552,000, marking a significant new investment in the company.
• Canadian National Railway recently reported quarterly earnings of $1.35 per share, missing estimates, with revenues of $3.14 billion, a drop from the previous year's performance.
• The company announced an increase in its quarterly dividend to $0.6507 per share, resulting in an annualized dividend of $2.60 and a yield of 2.7%.

Callan Family Office LLC acquired a new position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,307 shares of the transportation company's stock, valued at approximately $552,000.

A number of other large investors have also made changes to their positions in the business. GAMMA Investing LLC grew its holdings in shares of Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after buying an additional 171 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Canadian National Railway by 60.6% during the first quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock valued at $948,000 after buying an additional 3,671 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of Canadian National Railway by 3.2% during the first quarter. Assenagon Asset Management S.A. now owns 18,970 shares of the transportation company's stock valued at $1,846,000 after buying an additional 581 shares during the last quarter. CX Institutional purchased a new stake in Canadian National Railway in the first quarter valued at $39,000. Finally, Elevation Point Wealth Partners LLC boosted its holdings in Canadian National Railway by 87.1% in the first quarter. Elevation Point Wealth Partners LLC now owns 4,289 shares of the transportation company's stock valued at $418,000 after purchasing an additional 1,997 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Trading Down 0.3%

NYSE CNI opened at $95.83 on Wednesday. The stock has a market capitalization of $59.49 billion, a P/E ratio of 18.43, a P/E/G ratio of 2.17 and a beta of 0.96. Canadian National Railway Company has a 52-week low of $91.07 and a 52-week high of $116.79. The firm has a 50-day moving average price of $94.63 and a 200 day moving average price of $98.91. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the previous year, the company posted $1.84 earnings per share. The company's quarterly revenue was down 1.3% compared to the same quarter last year. Equities research analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were given a dividend of $0.6507 per share. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is 50.19%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CNI shares. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Susquehanna reduced their price target on shares of Canadian National Railway from $120.00 to $115.00 and set a "positive" rating for the company in a research report on Thursday, September 25th. Weiss Ratings restated a "hold (c-)" rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. Argus upgraded shares of Canadian National Railway to a "hold" rating in a research report on Friday, June 27th. Finally, Bank of America reduced their price target on shares of Canadian National Railway from $106.00 to $102.00 and set a "neutral" rating for the company in a research report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of $113.90.

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.

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