Canadian National Railway (NYSE:CNI) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC grew its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 42.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,325 shares of the transportation company's stock after purchasing an additional 6,324 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Canadian National Railway were worth $2,165,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in CNI. Norges Bank purchased a new position in shares of Canadian National Railway during the fourth quarter worth about $563,048,000. Royal Bank of Canada grew its holdings in shares of Canadian National Railway by 7.5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock worth $2,817,616,000 after buying an additional 1,934,622 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Canadian National Railway by 33.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,489,874 shares of the transportation company's stock worth $557,278,000 after buying an additional 1,380,554 shares during the last quarter. Capital International Investors grew its holdings in shares of Canadian National Railway by 12.8% during the fourth quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after buying 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 fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock worth $488,488,000 after buying an additional 1,102,977 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded down $0.66 during trading on Friday, hitting $104.92. 2,828,074 shares of the stock were exchanged, compared to its average volume of 1,331,073. The company has a fifty day moving average price of $101.11 and a two-hundred day moving average price of $102.12. The company has a market cap of $65.94 billion, a PE ratio of 20.49, a P/E/G ratio of 1.95 and a beta of 0.98. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $126.41.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping the consensus estimate of $1.26 by $0.03. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company's quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.72 EPS. On average, analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be paid a dividend of $0.8875 per share. This is a positive change from Canadian National Railway's previous dividend of $0.29. The ex-dividend date is Monday, June 9th. This represents a dividend yield of 2.47%. Canadian National Railway's payout ratio is 50.29%.

Analyst Ratings Changes

CNI has been the topic of a number of research reports. Susquehanna raised Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 price target on the stock in a report on Tuesday, May 6th. Stephens raised their price target on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a report on Friday, May 2nd. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Royal Bank of Canada reissued an "outperform" rating and set a $163.00 price target on shares of Canadian National Railway in a report on Thursday. Finally, Evercore ISI lowered their price target on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and a consensus price target of $119.52.

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.