Amundi Grows Stock Holdings in Canadian National Railway Company $CNI

Amundi boosted its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 24.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,021,905 shares of the transportation company's stock after purchasing an additional 200,842 shares during the period. Amundi owned about 0.17% of Canadian National Railway worth $105,021,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Minot DeBlois Advisors LLC increased its position in Canadian National Railway by 2.0% during the fourth quarter. Minot DeBlois Advisors LLC now owns 5,132 shares of the transportation company's stock valued at $507,000 after acquiring an additional 103 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Canadian National Railway by 19.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 635 shares of the transportation company's stock worth $63,000 after purchasing an additional 103 shares during the period. Tacita Capital Inc lifted its stake in shares of Canadian National Railway by 0.6% in the 4th quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company's stock worth $1,960,000 after purchasing an additional 109 shares during the period. Roberts Glore & Co. Inc. IL boosted its holdings in shares of Canadian National Railway by 1.5% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company's stock worth $715,000 after buying an additional 110 shares during the last quarter. Finally, Patten Group Inc. grew its position in Canadian National Railway by 1.4% during the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company's stock valued at $823,000 after buying an additional 114 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

CNI has been the subject of several analyst reports. Wells Fargo & Company upped their price objective on Canadian National Railway from $135.00 to $145.00 and gave the stock an "overweight" rating in a research note on Monday, July 27th. National Bank Financial set a $124.00 target price on Canadian National Railway in a research report on Thursday, June 25th. Barclays boosted their price target on Canadian National Railway from $109.00 to $130.00 and gave the company an "equal weight" rating in a report on Monday, July 27th. Evercore upgraded Canadian National Railway from an "in-line" rating to an "outperform" rating and set a $124.00 price target for the company in a research report on Thursday, June 25th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an "outperformer" rating in a research note on Thursday, June 25th. Eight analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $137.40.

Canadian National Railway Stock Performance

NYSE CNI opened at $127.15 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $131.55. The business has a 50-day moving average price of $121.62 and a 200-day moving average price of $111.67. The firm has a market cap of $77.06 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The company had revenue of $3.35 billion for the quarter, compared to analysts' expectations of $3.26 billion. During the same period in the previous year, the firm earned $1.87 EPS. The firm's revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts predict that Canadian National Railway Company will post 5.78 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. Canadian National Railway's dividend payout ratio is currently 47.34%.

Canadian National Railway Company Profile

Canadian National Railway Company NYSE: CNI is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN's core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

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