Canadian National Railway Company $CNI Shares Bought by Tudor Financial Inc.

Key Points

• Tudor Financial increased its Canadian National Railway stake by 425.4% in the second quarter, bringing its holdings to 16,740 shares valued at approximately $2.0 million. Institutional investors collectively own 80.74% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $137.40. Nine analysts rate the stock Buy, while nine assign a Hold rating.
• Canadian National Railway exceeded quarterly expectations, reporting $1.50 in EPS and $3.35 billion in revenue, up 11.3% year over year. The company also announced a quarterly dividend of $0.915 per share, representing a 3.0% annualized yield.

Tudor Financial Inc. grew its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 425.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,740 shares of the transportation company's stock after purchasing an additional 13,554 shares during the period. Tudor Financial Inc.'s holdings in Canadian National Railway were worth $1,996,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CNI. Lazard Asset Management LLC grew its holdings in shares of Canadian National Railway by 639,137.0% in the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company's stock valued at $844,353,000 after purchasing an additional 8,954,310 shares in the last quarter. Norges Bank purchased a new stake in Canadian National Railway during the 4th quarter worth approximately $570,161,000. FIL Ltd lifted its holdings in Canadian National Railway by 49.5% during the 4th quarter. FIL Ltd now owns 15,745,744 shares of the transportation company's stock worth $1,557,309,000 after buying an additional 5,210,403 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Canadian National Railway by 6,329.2% during the 4th quarter. AQR Capital Management LLC now owns 1,234,030 shares of the transportation company's stock worth $122,050,000 after buying an additional 1,214,836 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in Canadian National Railway by 15.1% in the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company's stock valued at $889,462,000 after buying an additional 1,182,106 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

CNI has been the subject of several research reports. Canadian Imperial Bank of Commerce boosted their price target on shares of 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. Bank of America increased their price objective on Canadian National Railway from $132.00 to $134.00 and gave the company a "buy" rating in a research note on Tuesday, June 23rd. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a report on Monday, July 27th. Susquehanna reiterated a "neutral" rating and issued a $140.00 target price (up from $138.00) on shares of Canadian National Railway in a report on Tuesday, July 14th. Finally, Barclays boosted their target price on Canadian National Railway from $109.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $137.40.

Canadian National Railway Stock Up 1.4%

Shares of Canadian National Railway stock opened at $123.13 on Friday. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $131.55. The company has a 50 day moving average of $125.68 and a 200 day moving average of $116.12. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $74.51 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.17 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Friday, July 24th. The transportation company reported $1.50 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.11. The company had revenue of $3.35 billion for the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.87 EPS. As a group, research analysts forecast that Canadian National Railway Company will post 5.82 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be paid a dividend of $0.915 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 annualized dividend and a yield of 3.0%. Canadian National Railway's payout ratio is presently 47.34%.

About Canadian National Railway

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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