Canadian National Railway Company (NYSE:CNI) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 3.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,462,440 shares of the transportation company's stock after buying an additional 43,396 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.23% of Canadian National Railway worth $142,297,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Bruce G. Allen Investments LLC grew its holdings in Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after buying an additional 106 shares in the last quarter. CX Institutional bought a new stake in shares of Canadian National Railway in the 1st quarter valued at approximately $39,000. Dunhill Financial LLC lifted its stake in shares of Canadian National Railway by 1,020.0% in the 4th quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after purchasing an additional 510 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Canadian National Railway by 31.3% in the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after purchasing an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its stake in shares of Canadian National Railway by 57.8% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 819 shares of the transportation company's stock valued at $80,000 after purchasing an additional 300 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Up 0.4%

CNI stock traded up $0.38 on Friday, hitting $93.14. 283,074 shares of the company's stock were exchanged, compared to its average volume of 1,493,783. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $121.12. The firm has a 50 day moving average price of $100.36 and a two-hundred day moving average price of $100.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The stock has a market cap of $58.35 billion, a P/E ratio of 17.94, a price-to-earnings-growth ratio of 2.09 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%. The business had revenue of $3.14 billion for the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter last year, the firm earned $1.84 earnings per share. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. As a group, equities research 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 quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be paid a dividend of $0.6507 per share. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. This represents a $2.60 annualized dividend and a yield of 2.8%. Canadian National Railway's dividend payout ratio (DPR) is presently 49.81%.

Wall Street Analysts Forecast Growth

CNI has been the subject of several analyst reports. Barclays lowered their price objective on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Raymond James Financial raised Canadian National Railway from a "market perform" rating to an "outperform" rating in a research note on Thursday, July 17th. Wells Fargo & Company lowered their price objective on Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating for the company in a research note on Wednesday, July 23rd. Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Finally, Citigroup decreased their price target on Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $118.36.

About Canadian National Railway

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.