Oppenheimer & Co. Inc. Increases Position in Canadian National Railway Company (NYSE:CNI)

Oppenheimer & Co. Inc. raised its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 22.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,358 shares of the transportation company's stock after purchasing an additional 4,904 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Canadian National Railway were worth $2,569,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNI. Brown Lisle Cummings Inc. lifted its position in shares of Canadian National Railway by 9.4% during the first quarter. Brown Lisle Cummings Inc. now owns 49,248 shares of the transportation company's stock worth $4,800,000 after acquiring an additional 4,250 shares in the last quarter. Intact Investment Management Inc. raised its stake in shares of Canadian National Railway by 48.9% during the 1st quarter. Intact Investment Management Inc. now owns 618,479 shares of the transportation company's stock valued at $60,195,000 after purchasing an additional 203,030 shares during the period. Canoe Financial LP lifted its holdings in Canadian National Railway by 13.7% during the 1st quarter. Canoe Financial LP now owns 2,431,661 shares of the transportation company's stock worth $236,717,000 after purchasing an additional 293,918 shares in the last quarter. Advisory Resource Group boosted its stake in Canadian National Railway by 4.7% in the 1st quarter. Advisory Resource Group now owns 10,480 shares of the transportation company's stock worth $1,021,000 after purchasing an additional 466 shares during the period. Finally, CWA Asset Management Group LLC bought a new position in Canadian National Railway in the 1st quarter worth about $257,000. Institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CNI. Citigroup increased their price target on shares of Canadian National Railway from $117.00 to $124.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Barclays lowered their target price on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research report on Friday, May 30th. 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 report on Tuesday. Finally, Evercore ISI lowered their price objective on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $120.52.

Canadian National Railway Stock Down 0.5%

CNI traded down $0.54 on Friday, hitting $103.35. The company had a trading volume of 2,783,872 shares, compared to its average volume of 1,332,220. The stock has a fifty day simple moving average of $102.74 and a 200-day simple moving average of $101.50. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. The firm has a market capitalization of $64.89 billion, a P/E ratio of 20.15, a P/E/G ratio of 1.89 and a beta of 0.98. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $123.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 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 company had revenue of $3.06 billion during the quarter, compared to analysts' expectations of $4.38 billion. During the same quarter last year, the business posted $1.72 EPS. The firm's revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts expect that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

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

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.