Douglass Winthrop Advisors LLC Grows Holdings in Canadian National Railway Company $CNI

Key Points

• Douglass Winthrop Advisors LLC increased its holdings in Canadian National Railway by 1.8%, owning over 1 million shares worth approximately $102.78 million.
• Canadian National Railway has announced a quarterly dividend increase to $0.6507 per share, which represents a 2.7% yield and a payout ratio of 50.19%.
• The stock recently reported earnings of $1.35 per share, missing the consensus estimate, with a revenue of $3.14 billion for the quarter.

Douglass Winthrop Advisors LLC grew its position in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 1.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,054,591 shares of the transportation company's stock after buying an additional 18,523 shares during the quarter. Canadian National Railway accounts for 2.0% of Douglass Winthrop Advisors LLC's holdings, making the stock its 21st largest holding. Douglass Winthrop Advisors LLC owned approximately 0.17% of Canadian National Railway worth $102,780,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Dagco Inc. acquired a new position in Canadian National Railway during the 1st quarter worth $32,000. Bruce G. Allen Investments LLC raised its position in shares of Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after acquiring an additional 106 shares in the last quarter. CX Institutional acquired a new stake in shares of Canadian National Railway in the 1st quarter valued at about $39,000. Brooklyn Investment Group boosted its position in shares of Canadian National Railway by 354.3% in the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after purchasing an additional 333 shares during the period. Finally, Dunhill Financial LLC boosted its position 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 valued at $57,000 after purchasing an additional 510 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

NYSE CNI traded down $1.31 during mid-day trading on Thursday, hitting $95.94. The stock had a trading volume of 1,117,686 shares, compared to its average volume of 1,503,726. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $121.12. The company has a market cap of $59.89 billion, a price-to-earnings ratio of 18.42, a P/E/G ratio of 2.15 and a beta of 0.94. The company has a 50 day simple moving average of $98.68 and a 200 day simple moving average of $100.09. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same period in the previous year, the business earned $1.84 earnings per share. The business's revenue for the quarter was down 1.3% on a year-over-year basis. Equities analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be given a dividend of $0.6507 per share. The ex-dividend date of this dividend is Monday, September 8th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.7%. Canadian National Railway's dividend payout ratio (DPR) is 49.81%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup decreased their target price on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research report on Wednesday, July 9th. Evercore ISI cut Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a research report on Wednesday, July 23rd. Susquehanna decreased their target price on Canadian National Railway from $122.00 to $120.00 and set a "positive" rating for the company in a research report on Wednesday, July 23rd. National Bank Financial cut Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, July 23rd. Finally, Bank of America upped their target price on Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $118.36.

Canadian National Railway 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.