Retirement Planning Co of New England Inc. Makes New Investment in Canadian National Railway Company $CNI

Key Points

• Retirement Planning Co of New England Inc. invested approximately $877,000 in Canadian National Railway Company by purchasing 9,000 shares in the 1st quarter.
• Canadian National Railway recently increased its quarterly dividend from $0.62 to $0.6507, yielding 2.7% with a payout ratio of 49.81%.
• The company reported a decrease in quarterly revenue of 1.3% year-over-year, with earnings of $1.35 EPS, missing estimates by $0.02 during the last earnings report.

Retirement Planning Co of New England Inc. acquired a new stake in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,000 shares of the transportation company's stock, valued at approximately $877,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNI. Dagco Inc. acquired a new stake in Canadian National Railway during the 1st quarter valued at $32,000. Bruce G. Allen Investments LLC lifted its stake in Canadian National Railway by 44.2% during the first quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company's stock worth $34,000 after purchasing an additional 106 shares during the period. CX Institutional acquired a new stake in shares of Canadian National Railway in the 1st quarter valued at $39,000. Brooklyn Investment Group raised its holdings in shares of Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock valued at $42,000 after buying an additional 333 shares during the last quarter. Finally, Dunhill Financial LLC raised its holdings 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 buying an additional 510 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

Shares of CNI traded up $0.26 on Thursday, reaching $96.84. The company's stock had a trading volume of 2,790,569 shares, compared to its average volume of 1,509,959. The stock has a market capitalization of $60.46 billion, a P/E ratio of 18.62, a PEG ratio of 2.15 and a beta of 0.94. 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's 50 day simple moving average is $98.16 and its two-hundred day simple moving average is $99.89. Canadian National Railway Company has a 12-month low of $91.65 and a 12-month high of $121.12.

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 EPS for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). The business had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm's revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.84 earnings per share. Research analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business 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 is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.7%. Canadian National Railway's dividend payout ratio (DPR) is presently 50.19%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CNI. Evercore ISI lowered shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 price target for the company. in a report on Wednesday, July 23rd. Wells Fargo & Company decreased their price objective on Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating on the stock in a report on Wednesday, July 23rd. Argus raised shares of Canadian National Railway to a "hold" rating in a report on Friday, June 27th. Royal Bank Of Canada lowered their target price on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a report on Wednesday, July 23rd. Finally, Citigroup reduced their price objective on shares of Canadian National Railway from $124.00 to $123.00 and set a "buy" rating on the stock in a research note on Wednesday, July 9th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.