Canadian National Railway Company (NYSE:CNI) Shares Purchased by Rothschild & Co Wealth Management UK Ltd

Key Points

• Rothschild & Co Wealth Management UK Ltd increased its stake in Canadian National Railway Company by 6.8% during Q1, now holding 59,588 shares valued at approximately $5.8 million.
• Canadian National Railway recently announced a quarterly dividend increase from $0.62 to $0.6507 per share, equating to an annualized dividend yield of 2.73%.
• Shares of Canadian National Railway have seen a 1-year low of $91.65 and a high of $121.12, with the current price opening at $95.51.

Rothschild & Co Wealth Management UK Ltd grew its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 6.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,588 shares of the transportation company's stock after purchasing an additional 3,814 shares during the period. Canadian National Railway comprises approximately 0.1% of Rothschild & Co Wealth Management UK Ltd's holdings, making the stock its 20th largest holding. Rothschild & Co Wealth Management UK Ltd's holdings in Canadian National Railway were worth $5,807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shell Asset Management Co. grew its stake in Canadian National Railway by 0.5% in the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock valued at $2,171,000 after purchasing an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC lifted 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 during the period. Voya Investment Management LLC raised its stake in shares of Canadian National Railway by 1.4% during the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock worth $807,000 after buying an additional 112 shares during the period. Gradient Investments LLC lifted its stake in Canadian National Railway by 2.1% in the 1st quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company's stock valued at $527,000 after buying an additional 112 shares in the last quarter. Finally, Diversified Trust Co raised its stake in Canadian National Railway by 5.7% in the 1st quarter. Diversified Trust Co now owns 2,561 shares of the transportation company's stock valued at $250,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CNI. 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. Bank of America raised their target price 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. Barclays cut their target price on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 23rd. Stephens raised their target price on Canadian National Railway from $105.00 to $109.00 and gave the stock an "equal weight" rating in a research note on Friday, May 2nd. Finally, Wall Street Zen raised Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Two research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $118.36.

Canadian National Railway Trading Down 0.1%

CNI stock traded down $0.08 during trading on Tuesday, reaching $94.94. 849,010 shares of the stock traded hands, compared to its average volume of 1,471,625. The business's 50 day moving average price is $103.47 and its 200-day moving average price is $101.44. Canadian National Railway Company has a 52-week low of $91.65 and a 52-week high of $121.12. 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 firm has a market capitalization of $59.47 billion, a PE ratio of 18.26, a P/E/G ratio of 2.13 and a beta of 0.97.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its 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 return on equity of 21.71% and a net margin of 26.63%. The company had revenue of $3.14 billion during the quarter, compared to analysts' expectations of $4.34 billion. During the same period in the previous year, the company earned $1.84 EPS. Canadian National Railway's quarterly revenue was down 1.3% on a year-over-year basis. As a group, sell-side analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be issued a $0.6507 dividend. The ex-dividend date is Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.74%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.62. Canadian National Railway's dividend payout ratio is currently 50.19%.

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.