Brown Lisle Cummings Inc. Buys 4,250 Shares of Canadian National Railway Company (NYSE:CNI)

Brown Lisle Cummings Inc. raised its stake 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 13F filing with the Securities & Exchange Commission. The fund owned 49,248 shares of the transportation company's stock after purchasing an additional 4,250 shares during the period. Canadian National Railway accounts for approximately 1.4% of Brown Lisle Cummings Inc.'s holdings, making the stock its 16th biggest position. Brown Lisle Cummings Inc.'s holdings in Canadian National Railway were worth $4,800,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in shares of Canadian National Railway during the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. bought a new position in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. 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 valued at $34,000 after acquiring an additional 106 shares during the last quarter. Finally, CX Institutional bought a new position in shares of Canadian National Railway in the 1st quarter valued at about $39,000. Institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CNI. Bank of America increased their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Raymond James Financial downgraded shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday, April 22nd. Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a report on Friday, May 2nd. Stifel Nicolaus lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Evercore ISI lowered their price target on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a report on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $120.36.

Canadian National Railway Stock Performance

Shares of NYSE:CNI opened at $101.89 on Monday. The firm has a market cap of $63.98 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98. The firm's 50 day simple moving average is $102.48 and its 200-day simple moving average is $101.55. Canadian National Railway Company has a one year low of $91.65 and a one year high of $123.96. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The company's quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. As a group, equities analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

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

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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