Canadian National Railway Company (NYSE:CNI) Shares Purchased by Callahan Advisors LLC

Callahan Advisors LLC boosted its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 32.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 115,874 shares of the transportation company's stock after buying an additional 28,411 shares during the period. Callahan Advisors LLC's holdings in Canadian National Railway were worth $11,293,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Polar Asset Management Partners Inc. increased its position in Canadian National Railway by 233.3% during the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock worth $2,537,000 after buying an additional 17,500 shares during the period. Cypress Asset Management Inc. TX acquired a new position in Canadian National Railway during the fourth quarter worth approximately $875,000. GAMMA Investing LLC increased its position in Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after buying an additional 171 shares during the period. SG Americas Securities LLC grew its stake in shares of Canadian National Railway by 60.6% in the 1st quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock valued at $948,000 after purchasing an additional 3,671 shares during the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Canadian National Railway by 6.7% in the 4th quarter. Focus Partners Wealth now owns 10,368 shares of the transportation company's stock valued at $1,078,000 after purchasing an additional 655 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Trading Down 0.8%

Canadian National Railway stock traded down $0.83 during trading on Friday, hitting $105.20. The company's stock had a trading volume of 1,098,497 shares, compared to its average volume of 1,328,493. The stock has a market capitalization of $65.91 billion, a price-to-earnings ratio of 20.51, a P/E/G ratio of 2.11 and a beta of 0.97. Canadian National Railway Company has a 1-year low of $91.65 and a 1-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. The stock's fifty day moving average is $104.37 and its 200 day moving average is $101.65.

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

Canadian National Railway Increases Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on CNI shares. Wall Street Zen upgraded Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Susquehanna lifted their target price on Canadian National Railway from $120.00 to $122.00 and gave the company a "positive" rating in a research note on Tuesday, June 24th. Stifel Nicolaus lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Raymond James Financial downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, April 22nd. Finally, Stephens boosted their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $120.86.

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.