Canadian National Railway (NYSE:CNI) Shares Bought by QV Investors Inc.

QV Investors Inc. grew its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 15.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 505,605 shares of the transportation company's stock after acquiring an additional 65,944 shares during the period. Canadian National Railway comprises 5.0% of QV Investors Inc.'s portfolio, making the stock its 5th largest holding. QV Investors Inc. owned 0.08% of Canadian National Railway worth $49,196,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Quintet Private Bank Europe S.A. acquired a new position in Canadian National Railway during the fourth quarter worth $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at about $30,000. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway during the fourth quarter worth about $30,000. Addison Advisors LLC grew 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 worth $32,000 after buying an additional 142 shares during the period. Finally, Murphy & Mullick Capital Management Corp purchased a new position in Canadian National Railway in the fourth quarter valued at about $52,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 1.0%

Shares of CNI stock traded up $1.01 during trading hours on Tuesday, hitting $105.90. 1,248,801 shares of the company were exchanged, compared to its average volume of 1,325,790. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $127.89. The firm has a fifty day moving average of $100.52 and a 200 day moving average of $102.10. The firm has a market cap of $66.56 billion, a PE ratio of 20.68, a PEG ratio of 1.95 and a beta of 0.97. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share for the quarter, beating analysts' consensus estimates of $1.26 by $0.03. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. During the same quarter last year, the business earned $1.72 EPS. Canadian National Railway's revenue for the quarter was up 3.6% on a year-over-year basis. Analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $0.8875 dividend. This represents a dividend yield of 2.47%. This is an increase from Canadian National Railway's previous dividend of $0.29. The ex-dividend date is Monday, June 9th. Canadian National Railway's dividend payout ratio (DPR) is 47.95%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CNI. Loop Capital cut Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Stifel Nicolaus cut their price objective on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Evercore ISI lowered their target price on Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating on the stock in a report on Friday, May 2nd. Finally, Citigroup dropped their price target on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $119.52.

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.