Canadian National Railway Company (NYSE:CNI) Position Raised by LGT Group Foundation

Key Points

• LGT Group Foundation increased its holdings in Canadian National Railway by 25.4%, acquiring an additional 22,513 shares, bringing its total to 111,206 shares valued at approximately $10.8 million.
• The company recently declared a quarterly dividend of $0.6507 per share, representing an annualized yield of 2.8%, which is an increase from the previous dividend of $0.62.
• Canadian National Railway reported an EPS of $1.35 for the latest quarter, missing the consensus estimate of $1.37, with revenue declining 1.3% year-over-year.

LGT Group Foundation lifted its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 25.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,206 shares of the transportation company's stock after acquiring an additional 22,513 shares during the quarter. LGT Group Foundation's holdings in Canadian National Railway were worth $10,824,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. Bruce G. Allen Investments LLC raised its holdings in 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 acquiring an additional 106 shares in the last quarter. CX Institutional purchased a new stake in Canadian National Railway during the first quarter valued at about $39,000. Dunhill Financial LLC increased its holdings 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 period. GAMMA Investing LLC increased its holdings in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after buying an additional 171 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV grew its holdings in Canadian National Railway by 57.8% during 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 last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Argus raised Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Stephens boosted their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research report on Friday, May 2nd. Wells Fargo & Company decreased their target price on Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating for the company in a research report on Wednesday, July 23rd. Barclays decreased 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 report on Wednesday, July 23rd. Finally, Evercore ISI lowered Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price objective for the company. in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a sell rating, ten have given 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 company currently has an average rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Price Performance

CNI traded up $0.57 during midday trading on Friday, hitting $93.33. The company had a trading volume of 1,103,725 shares, compared to its average volume of 2,040,034. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway Company has a twelve month low of $91.65 and a twelve month high of $121.12. The firm's 50-day simple moving average is $100.12 and its 200-day simple moving average is $100.54. The company has a market capitalization of $58.26 billion, a PE ratio of 17.95, a P/E/G ratio of 2.06 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (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 for the quarter, compared to analysts' expectations of $4.34 billion. During the same quarter last year, the business posted $1.84 EPS. The business's quarterly revenue was down 1.3% on a year-over-year basis. Equities research analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be issued a $0.6507 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 8th. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio (DPR) is presently 49.81%.

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.