Canadian National Railway Company $CNI Stock Position Lifted by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management has increased its stake in Canadian National Railway Company by 22.2%, acquiring an additional 7,824 shares, bringing the total to 43,092 shares valued at approximately $4.48 million.
• The company reported a 1.3% decrease in revenue year-over-year, with quarterly earnings of $1.35 per share, which fell short of the analysts' expectations of $1.37.
• Canadian National Railway recently raised its quarterly dividend to $0.6507 per share, reflecting a slight increase from the prior dividend of $0.62, with a current dividend yield of 2.7%.

Generali Asset Management SPA SGR lifted its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 22.2% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,092 shares of the transportation company's stock after purchasing an additional 7,824 shares during the quarter. Generali Asset Management SPA SGR's holdings in Canadian National Railway were worth $4,483,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dagco Inc. bought a new position in Canadian National Railway during the first quarter valued at about $32,000. CX Institutional bought a new position in Canadian National Railway during the first quarter valued at about $39,000. Brooklyn Investment Group boosted its stake in Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after buying an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Canadian National Railway by 42.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company's stock valued at $58,000 after buying an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after buying an additional 171 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Up 1.3%

CNI opened at $97.08 on Thursday. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $116.79. The business has a 50-day moving average of $94.68 and a 200-day moving average of $98.89. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The company has a market capitalization of $60.26 billion, a PE ratio of 18.67, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same period last year, the business earned $1.84 earnings per share. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. Equities research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 8th were paid a dividend of $0.6507 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.7%. Canadian National Railway's dividend payout ratio (DPR) is 50.19%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Wall Street Zen cut Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Saturday, October 4th. Royal Bank Of Canada decreased their target price on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. Bank of America decreased their target price on Canadian National Railway from $106.00 to $102.00 and set a "neutral" rating for the company in a research note on Monday, September 29th. Citigroup decreased their target price on Canadian National Railway from $121.00 to $119.00 and set a "buy" rating for the company in a research note on Monday. Finally, Susquehanna decreased their price target on Canadian National Railway from $120.00 to $115.00 and set a "positive" rating for the company in a research report on Thursday, September 25th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $113.90.

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.

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