2,640 Shares in Canadian National Railway Company (NYSE:CNI) Purchased by CWA Asset Management Group LLC

CWA Asset Management Group LLC bought a new position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,640 shares of the transportation company's stock, valued at approximately $257,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the 4th quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new position in shares of Canadian National Railway during the fourth quarter valued at $30,000. Addison Advisors LLC raised its position in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after buying an additional 142 shares during the period. Bruce G. Allen Investments LLC lifted its stake in Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after acquiring an additional 106 shares in the last quarter. Finally, CX Institutional purchased a new stake in Canadian National Railway in the 1st quarter worth about $39,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on the company. Stifel Nicolaus lowered their target price on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Citigroup boosted their price target on Canadian National Railway from $117.00 to $124.00 and gave the company a "buy" rating in a research note on Monday, June 9th. Raymond James Financial lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Stephens lifted their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating 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 investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $120.52.

Canadian National Railway Stock Performance

Shares of NYSE CNI traded down $0.57 during trading hours on Wednesday, hitting $101.55. 1,359,471 shares of the company's stock were exchanged, compared to its average volume of 1,323,293. The company's 50-day moving average price is $102.59 and its 200-day moving average price is $101.52. Canadian National Railway Company has a 1-year low of $91.65 and a 1-year high of $123.96. The stock has a market capitalization of $63.76 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.91 and a beta of 0.98. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, topping 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 analyst estimates of $4.38 billion. During the same period in the previous year, the company earned $1.72 earnings per share. The company's quarterly revenue was up 3.6% compared to the same quarter last year. On average, sell-side analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

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

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.