U.S. Capital Wealth Advisors LLC Has $1.64 Million Stake in Canadian National Railway Company $CNI

Key Points

• U.S. Capital Wealth Advisors LLC increased its stake in Canadian National Railway Company by 114.5% during the second quarter, now holding shares valued at $1.64 million.
• Canadian National Railway reported earnings per share of $1.35 for the last quarter, missing expectations by $0.02 and showing a 1.3% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.6507 per share, representing an increase from its previous dividend and a 2.8% yield.

U.S. Capital Wealth Advisors LLC lifted its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 114.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,804 shares of the transportation company's stock after acquiring an additional 8,436 shares during the quarter. U.S. Capital Wealth Advisors LLC's holdings in Canadian National Railway were worth $1,644,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CNI. Squarepoint Ops LLC boosted its stake in Canadian National Railway by 320.8% in the fourth quarter. Squarepoint Ops LLC now owns 24,492 shares of the transportation company's stock worth $2,486,000 after purchasing an additional 18,671 shares in the last quarter. Polar Asset Management Partners Inc. raised its holdings in shares of Canadian National Railway by 233.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 25,000 shares of the transportation company's stock valued at $2,537,000 after buying an additional 17,500 shares during the last quarter. Brucke Financial Inc. acquired a new position in Canadian National Railway during the 4th quarter worth about $219,000. Wealthedge Investment Advisors LLC acquired a new position in Canadian National Railway during the 4th quarter worth about $2,198,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Canadian National Railway by 42.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,325 shares of the transportation company's stock worth $2,165,000 after acquiring an additional 6,324 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

Shares of CNI opened at $92.09 on Wednesday. The stock has a market cap of $57.17 billion, a P/E ratio of 17.71, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $118.46. The stock's 50-day moving average price is $95.18 and its two-hundred day moving average price is $99.21. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing analysts' consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm had revenue of $3.14 billion during the quarter, compared to analyst estimates of $4.34 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The business's revenue was down 1.3% on a year-over-year basis. On average, equities analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 8th will be given a dividend of $0.6507 per share. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 8th. Canadian National Railway's payout ratio is 50.19%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup dropped their target price on shares of Canadian National Railway from $124.00 to $123.00 and set a "buy" rating for the company in a research note on Wednesday, July 9th. Barclays reduced their price objective on Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 23rd. Argus raised Canadian National Railway to a "hold" rating in a research note on Friday, June 27th. Royal Bank Of Canada lowered their price objective on Canadian National Railway from $161.00 to $157.00 and set an "outperform" rating for the company in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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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