Arkadios Wealth Advisors Makes New Investment in Canadian National Railway Company (NYSE:CNI)

Key Points

• Arkadios Wealth Advisors has acquired 3,213 shares of Canadian National Railway Company, totaling approximately $313,000, reflecting growing institutional interest in the stock.
• The company recently announced an increase in its quarterly dividend to $0.6507 per share, representing a 2.8% yield, compared to the previous dividend of $0.62.
• Despite missing earnings estimates, with a reported $1.35 earnings per share, analysts maintain a consensus rating of “Hold” on the stock, with a price target averaging $118.36.

Arkadios Wealth Advisors purchased a new position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 3,213 shares of the transportation company's stock, valued at approximately $313,000.

Other hedge funds have also made changes to their positions in the company. Bruce G. Allen Investments LLC lifted its holdings in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after purchasing an additional 106 shares during the last quarter. CX Institutional bought a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $39,000. Dunhill Financial LLC lifted its holdings in shares of Canadian National Railway by 1,020.0% in the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock worth $57,000 after purchasing an additional 510 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after purchasing an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of Canadian National Railway by 57.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 819 shares of the transportation company's stock worth $80,000 after purchasing an additional 300 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Up 0.1%

Shares of CNI stock traded up $0.09 on Friday, reaching $92.58. 933,704 shares of the company's stock traded hands, compared to its average volume of 1,836,612. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $121.12. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market capitalization of $58.00 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94. The business's 50 day moving average price is $101.33 and its two-hundred day moving average price is $100.96.

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

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be paid a $0.6507 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio is presently 49.81%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Royal Bank Of Canada cut their target price on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a research note on Wednesday, July 23rd. Argus raised Canadian National Railway to a "hold" rating in a report on Friday, June 27th. JPMorgan Chase & Co. reissued a "neutral" rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Citigroup lowered their price target on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a report on Wednesday, July 9th. Finally, National Bank Financial downgraded Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of "Hold" and an average price target of $118.36.

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.