Canadian National Railway Company $CNI Shares Purchased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Canadian National Railway by 16.8%, owning 19,523 shares worth approximately $1.9 million after purchasing an additional 2,801 shares in the 1st quarter.
• Canadian National Railway recently announced a quarterly dividend of $0.6507 per share, up from the previous $0.62, representing an annualized yield of 2.7%.
• Wall Street analysts have mixed opinions on the stock, with ratings ranging from Strong Buy to Sell, and a consensus price target set at $118.36.

Northwestern Mutual Wealth Management Co. grew its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 16.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,523 shares of the transportation company's stock after acquiring an additional 2,801 shares during the quarter. Northwestern Mutual Wealth Management Co.'s holdings in Canadian National Railway were worth $1,903,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Polar Asset Management Partners Inc. boosted its holdings in Canadian National Railway by 233.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock worth $2,537,000 after acquiring an additional 17,500 shares in the last quarter. Cypress Asset Management Inc. TX acquired a new stake in Canadian National Railway in the fourth quarter worth about $875,000. GAMMA Investing LLC boosted 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 acquiring an additional 171 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Canadian National Railway by 3.7% in the first quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company's stock worth $9,185,000 after acquiring an additional 3,400 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Canadian National Railway by 60.6% in the first quarter. SG Americas Securities LLC now owns 9,729 shares of the transportation company's stock worth $948,000 after purchasing an additional 3,671 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Price Performance

CNI traded down $0.02 during trading on Wednesday, hitting $96.61. The company's stock had a trading volume of 709,980 shares, compared to its average volume of 1,500,648. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. Canadian National Railway Company has a twelve month low of $91.65 and a twelve month high of $121.12. The business's fifty day simple moving average is $98.25 and its 200 day simple moving average is $99.91. The firm has a market capitalization of $60.31 billion, a price-to-earnings ratio of 18.57, a P/E/G ratio of 2.15 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS 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 business had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same period in the previous year, the business posted $1.84 earnings per share. The firm's revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Monday, September 8th will be issued a $0.6507 dividend. 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. This represents a $2.60 annualized dividend and a yield of 2.7%. Canadian National Railway's dividend payout ratio is 49.81%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. restated a "neutral" rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Citigroup reduced their price objective 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. Bank of America raised their price objective on Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Barclays reduced their price target 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. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $118.36.

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.