Canadian National Railway (NYSE:CNI) Stock Holdings Increased by Strong Tower Advisory Services

Strong Tower Advisory Services increased its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 63.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,542 shares of the transportation company's stock after buying an additional 11,030 shares during the period. Strong Tower Advisory Services' holdings in Canadian National Railway were worth $2,704,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in CNI. Royal Bank of Canada grew its stake in shares of Canadian National Railway by 7.5% during the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company's stock valued at $2,817,616,000 after acquiring an additional 1,934,622 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Canadian National Railway by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock valued at $2,334,251,000 after purchasing an additional 101,228 shares during the last quarter. Capital International Investors grew its stake in Canadian National Railway by 12.8% during the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock valued at $1,199,680,000 after purchasing an additional 1,341,133 shares in the last quarter. TD Asset Management Inc. increased its holdings in Canadian National Railway by 2.7% during the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock worth $1,194,443,000 after purchasing an additional 309,210 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd increased its holdings in Canadian National Railway by 4.8% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company's stock worth $926,573,000 after purchasing an additional 422,078 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CNI shares. Bank of America raised their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Susquehanna raised shares of Canadian National Railway from a "neutral" rating to a "positive" rating and set a $120.00 target price for the company in a research report on Tuesday, May 6th. Citigroup reduced their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada decreased their price target on Canadian National Railway from $165.00 to $163.00 and set an "outperform" rating for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus target price of $119.52.

Canadian National Railway Stock Performance

NYSE:CNI traded up $1.01 during midday trading on Tuesday, reaching $105.90. 1,248,801 shares of the company traded hands, compared to its average volume of 1,325,790. The firm has a market capitalization of $66.56 billion, a price-to-earnings ratio of 20.68, a price-to-earnings-growth ratio of 1.95 and a beta of 0.97. The company has a fifty day moving average price of $100.52 and a 200 day moving average price of $102.10. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $127.89.

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 (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.03. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The company's revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. On average, analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th will be paid a dividend of $0.8875 per share. This represents a yield of 2.47%. This is a positive change from Canadian National Railway's previous dividend of $0.29. The ex-dividend date is Monday, June 9th. Canadian National Railway's payout ratio is presently 47.95%.

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.