Canadian National Railway Company (NYSE:CNI) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 5.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 146,586 shares of the transportation company's stock after acquiring an additional 7,776 shares during the quarter. Janney Montgomery Scott LLC's holdings in Canadian National Railway were worth $14,286,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Norges Bank acquired a new position in Canadian National Railway in the fourth quarter valued at approximately $563,048,000. Royal Bank of Canada raised its position in Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after purchasing an additional 1,934,622 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Canadian National Railway by 33.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock valued at $557,278,000 after purchasing an additional 1,380,554 shares during the last quarter. Capital International Investors lifted its stake in shares of Canadian National Railway by 12.8% in the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after purchasing an additional 1,341,133 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Canadian National Railway by 29.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock worth $488,488,000 after purchasing an additional 1,102,977 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada restated an "outperform" rating and issued a $163.00 price objective 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 note on Monday, June 9th. Stephens upped their price objective on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Jefferies Financial Group cut their target price on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of "Moderate Buy" and an average target price of $120.36.

Canadian National Railway Stock Up 0.0%

CNI traded up $0.04 on Friday, hitting $101.89. 1,114,033 shares of the company were exchanged, compared to its average volume of 1,329,718. The firm has a 50-day moving average price of $102.48 and a two-hundred day moving average price of $101.66. 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 twelve month low of $91.65 and a twelve month high of $123.96. The company has a market cap of $63.98 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.90 and a beta of 0.98.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.72 earnings per share. On average, equities analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $0.8875 dividend. The ex-dividend date is Monday, June 9th. This is an increase from Canadian National Railway's previous dividend of $0.29. This represents a dividend yield of 2.47%. Canadian National Railway's dividend payout ratio is currently 50.49%.

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.