Deutsche Bank AG Has $599.95 Million Stock Position in Canadian National Railway Company (NYSE:CNI)

Key Points

• Deutsche Bank AG increased its stake in Canadian National Railway by 8% in Q1, acquiring an additional 454,439 shares to reach a total of 6,155,864 shares, valued at approximately $599.95 million.
• Canadian National Railway has announced an increase in its quarterly dividend to $0.6507, up from $0.62, representing a 2.8% yield with a payout ratio of 49.81%.
• The company reported a net margin of 26.63% and a return on equity of 21.71%, with Q2 earnings per share of $1.35, which was slightly below analyst estimates.

Deutsche Bank AG grew its holdings in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 8.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,155,864 shares of the transportation company's stock after buying an additional 454,439 shares during the quarter. Deutsche Bank AG owned 0.98% of Canadian National Railway worth $599,951,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Bruce G. Allen Investments LLC boosted its stake in shares of Canadian National Railway by 44.2% in the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock valued at $34,000 after purchasing an additional 106 shares during the period. CX Institutional purchased a new position in shares of Canadian National Railway in the first quarter valued at $39,000. Dunhill Financial LLC boosted its stake in shares of Canadian National Railway by 1,020.0% in the fourth 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 period. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 31.3% in the first 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 period. Finally, Creative Financial Designs Inc. ADV boosted its stake in shares of Canadian National Railway by 57.8% in the first 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 period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Susquehanna cut their price target on shares of Canadian National Railway from $122.00 to $120.00 and set a "positive" rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Bank of America increased their target price on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Argus raised shares of Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Finally, Raymond James Financial raised shares of Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway presently has an average rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Stock Performance

Canadian National Railway stock traded up $0.09 during mid-day trading on Friday, hitting $92.58. 933,704 shares of the company's stock traded hands, compared to its average volume of 1,836,612. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The stock has a market cap of $58.00 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 2.06 and a beta of 0.94. The firm has a 50 day simple moving average of $101.33 and a two-hundred day simple moving average of $100.93. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $121.12.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. On average, 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. Shareholders of record on Monday, September 8th will be given a $0.6507 dividend. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is presently 49.81%.

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.