Canadian National Railway Company (NYSE:CNI) Shares Acquired by Gold Investment Management Ltd.

Gold Investment Management Ltd. increased its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 5.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 50,322 shares of the transportation company's stock after buying an additional 2,601 shares during the period. Canadian National Railway accounts for 2.1% of Gold Investment Management Ltd.'s holdings, making the stock its 10th biggest position. Gold Investment Management Ltd.'s holdings in Canadian National Railway were worth $4,899,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. acquired a new stake in shares of Canadian National Railway during the 4th quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway during the fourth quarter worth about $30,000. Bruce G. Allen Investments LLC grew its holdings in Canadian National Railway by 44.2% during the first 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 during the period. CX Institutional purchased a new position in Canadian National Railway in the 1st quarter worth about $39,000. Finally, Murphy & Mullick Capital Management Corp acquired a new stake in Canadian National Railway during the 4th quarter worth about $52,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

CNI traded down $0.54 on Friday, reaching $103.35. The stock had a trading volume of 2,783,872 shares, compared to its average volume of 1,321,782. The company has a market capitalization of $64.89 billion, a price-to-earnings ratio of 20.15, a price-to-earnings-growth ratio of 1.93 and a beta of 0.98. The firm has a 50-day moving average of $102.82 and a 200-day moving average of $101.46. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.88. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $123.96.

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 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 company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter last year, the company earned $1.72 earnings per share. The company's revenue for the quarter was up 3.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Stifel Nicolaus decreased their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $163.00 price target on shares of Canadian National Railway in a report on Thursday, June 5th. Citigroup boosted their price target on shares of Canadian National Railway from $117.00 to $124.00 and gave the company a "buy" rating in a research report on Monday, June 9th. Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, Susquehanna increased their price target on shares of Canadian National Railway from $120.00 to $122.00 and gave the stock a "positive" rating in a research report on Tuesday, June 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus target price of $120.52.

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.