Brown Lisle Cummings Inc. Increases Stake in Canadian National Railway Company (NYSE:CNI)

Brown Lisle Cummings Inc. boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,248 shares of the transportation company's stock after buying an additional 4,250 shares during the period. Canadian National Railway makes up about 1.4% of Brown Lisle Cummings Inc.'s holdings, making the stock its 16th largest holding. Brown Lisle Cummings Inc.'s holdings in Canadian National Railway were worth $4,800,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Canadian National Railway in the 4th quarter worth $563,048,000. Royal Bank of Canada increased its stake in Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after acquiring an additional 1,934,622 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Canadian National Railway by 33.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock valued at $557,278,000 after acquiring an additional 1,380,554 shares during the last quarter. Capital International Investors raised its position in Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after purchasing an additional 1,341,133 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Canadian National Railway by 29.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock worth $488,488,000 after purchasing an additional 1,102,977 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Up 2.6%

Shares of NYSE CNI traded up $2.65 during trading hours on Thursday, hitting $104.03. The company's stock had a trading volume of 1,843,535 shares, compared to its average volume of 1,326,413. Canadian National Railway Company has a 12 month low of $91.65 and a 12 month high of $123.96. The stock has a market cap of $65.32 billion, a price-to-earnings ratio of 20.28, a P/E/G ratio of 1.89 and a beta of 0.98. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62. The business has a 50-day simple moving average of $102.74 and a 200-day simple moving average of $101.50.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The business's revenue was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $1.72 EPS. On average, analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be paid a $0.8875 dividend. This is a positive change from Canadian National Railway's previous dividend of $0.29. The ex-dividend date is Monday, June 9th. This represents a yield of 2.47%. Canadian National Railway's dividend payout ratio (DPR) is presently 50.49%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CNI shares. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Barclays reduced their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research report on Friday, May 2nd. Stephens boosted 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 report on Friday, May 2nd. Raymond James Financial cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Jefferies Financial Group decreased their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $120.52.

Canadian National Railway Company 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.