US Bancorp DE Buys 10,072 Shares of Canadian National Railway Company (NYSE:CNI)

Key Points

• US Bancorp DE increased its stake in Canadian National Railway by 13.3%, acquiring an additional 10,072 shares, bringing its total holdings to 85,676 shares worth $8.35 million.
• Canadian National Railway recently declared a quarterly dividend of $0.6507 per share, up from the previous $0.62, representing an annualized dividend yield of 2.8%.
• Despite reporting less than expected earnings per share and revenue for the latest quarter, analysts maintain an overall rating of "Hold" with an average target price of $118.36 for the company's stock.

US Bancorp DE boosted its stake in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 85,676 shares of the transportation company's stock after purchasing an additional 10,072 shares during the period. US Bancorp DE's holdings in Canadian National Railway were worth $8,350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Shell Asset Management Co. lifted its position in Canadian National Railway by 0.5% during the fourth quarter. Shell Asset Management Co. now owns 21,387 shares of the transportation company's stock valued at $2,171,000 after acquiring an additional 100 shares during the last quarter. Bruce G. Allen Investments LLC lifted its position 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 valued at $34,000 after acquiring an additional 106 shares during the last quarter. Heartland Advisors Inc. lifted its position in Canadian National Railway by 0.9% during the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company's stock valued at $1,198,000 after acquiring an additional 108 shares during the last quarter. Voya Investment Management LLC lifted its position in Canadian National Railway by 1.4% during the fourth quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock valued at $807,000 after acquiring an additional 112 shares during the last quarter. Finally, Gradient Investments LLC lifted its position in Canadian National Railway by 2.1% during the first quarter. Gradient Investments LLC now owns 5,409 shares of the transportation company's stock valued at $527,000 after acquiring an additional 112 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Down 0.7%

NYSE CNI opened at $92.82 on Monday. Canadian National Railway Company has a one year low of $91.65 and a one year high of $121.12. The company's 50 day moving average price is $102.49 and its 200 day moving average price is $101.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a market capitalization of $58.15 billion, a price-to-earnings ratio of 17.85, a PEG ratio of 2.07 and a beta of 0.94.

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

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be paid a $0.6507 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. Canadian National Railway's payout ratio is presently 49.81%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on CNI shares. Wells Fargo & Company decreased their target price on shares of Canadian National Railway from $120.00 to $117.00 and set an "overweight" rating for the company in a research report 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. Wall Street Zen upgraded shares of Canadian National Railway from a "sell" rating to a "hold" rating in a research note on Friday, May 30th. Bank of America upped their price target on shares of Canadian National Railway from $105.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, Stifel Nicolaus cut their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of "Hold" and an average target price of $118.36.

Canadian National Railway 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.

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