Canadian National Railway Company (NYSE:CNI) Stock Position Raised by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 12.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,897 shares of the transportation company's stock after buying an additional 2,572 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Canadian National Railway were worth $2,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in shares of Canadian National Railway by 7.5% during the 4th 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of Canadian National Railway by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock valued at $2,334,251,000 after purchasing an additional 101,228 shares in the last quarter. Capital International Investors raised its holdings in shares of Canadian National Railway by 12.8% during 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 in the last quarter. TD Asset Management Inc. raised its holdings in shares of Canadian National Railway by 2.7% during the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock valued at $1,194,443,000 after purchasing an additional 309,210 shares in the last quarter. Finally, JARISLOWSKY FRASER Ltd raised its holdings in shares of Canadian National Railway by 4.8% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock valued at $926,573,000 after purchasing an additional 422,078 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Performance

NYSE CNI opened at $103.35 on Friday. 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 price-to-earnings ratio of 20.15, a P/E/G ratio of 1.93 and a beta of 0.98. The company's fifty day moving average is $102.82 and its two-hundred day moving average is $101.46. 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 posted its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 26.19% and a return on equity of 22.29%. The business's quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the business posted $1.72 EPS. Equities research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be given a $0.8875 dividend. This represents a yield of 2.47%. This is a positive change from Canadian National Railway's previous dividend of $0.29. The ex-dividend date of this dividend is Monday, June 9th. Canadian National Railway's dividend payout ratio (DPR) is currently 50.49%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Royal Bank Of Canada restated an "outperform" rating and set a $163.00 price target on shares of Canadian National Railway in a report on Thursday, June 5th. Bank of America raised their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Citigroup raised their price target on shares of Canadian National Railway from $117.00 to $124.00 and gave the company a "buy" rating in a report on Monday, June 9th. Evercore ISI lowered their target price on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $120.52.

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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