Canadian National Railway Company $CNI Shares Bought by Jones Financial Companies Lllp

Key Points

• Jones Financial Companies Lllp increased its holdings in Canadian National Railway Company by 219.1%, acquiring an additional 11,638 shares, bringing their total to 16,949 shares valued at approximately $1,652,000.
• Canadian National Railway reported quarterly earnings of $1.35 per share, missing estimates by $0.02, with a revenue of $3.14 billion compared to analyst expectations of $4.34 billion.
• The company declared a quarterly dividend increase to $0.6507 per share, reflecting a dividend yield of 2.8% and an annualized payout of $2.60.

Jones Financial Companies Lllp lifted its stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 219.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 16,949 shares of the transportation company's stock after acquiring an additional 11,638 shares during the period. Jones Financial Companies Lllp's holdings in Canadian National Railway were worth $1,652,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dagco Inc. bought a new position in shares of Canadian National Railway during the 1st quarter valued at about $32,000. Bruce G. Allen Investments LLC lifted its holdings in shares of 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 during the last quarter. CX Institutional bought a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $39,000. Brooklyn Investment Group boosted its stake in shares of Canadian National Railway by 354.3% in the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Canadian National Railway by 31.3% during 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. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Up 0.3%

NYSE:CNI traded up $0.24 during mid-day trading on Tuesday, hitting $95.58. 654,281 shares of the stock traded hands, compared to its average volume of 1,531,370. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $121.12. The firm's 50 day moving average is $96.51 and its two-hundred day moving average is $99.47. The stock has a market capitalization of $59.33 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 2.15 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly 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 net margin of 26.63% and a return on equity of 21.71%. The company had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the firm posted $1.84 EPS. The business's revenue was down 1.3% on a year-over-year basis. On average, equities research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be given a dividend of $0.6507 per share. The ex-dividend date of this dividend is Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's payout ratio is presently 50.19%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Raymond James Financial upgraded Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Barclays decreased their price target on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 23rd. Royal Bank Of Canada cut their target price on shares of Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating on the stock in a report on Wednesday, July 23rd. Argus upgraded shares of Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Finally, Citigroup decreased their price target on shares of 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 analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Canadian National Railway has an average rating of "Hold" and a consensus target price of $118.36.

Canadian National Railway 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.