Vanguard Personalized Indexing Management LLC Acquires 5,836 Shares of Canadian National Railway Company $CNI

Key Points

• Vanguard Personalized Indexing Management LLC has increased its stake in Canadian National Railway by 34.4%, now holding a total of 22,809 shares worth approximately $2.37 million.
• The company recently declared a quarterly dividend of $0.6507 per share, marking an increase from the previous dividend of $0.62, with an annualized dividend of $2.60.
• In its latest earnings report, Canadian National Railway missed expectations with $1.35 earnings per share against a forecast of $1.37, with revenues of $3.14 billion compared to projections of $4.34 billion.

Vanguard Personalized Indexing Management LLC raised its holdings in Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 34.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 22,809 shares of the transportation company's stock after acquiring an additional 5,836 shares during the period. Vanguard Personalized Indexing Management LLC's holdings in Canadian National Railway were worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Dagco Inc. acquired a new position in shares of Canadian National Railway in the 1st quarter valued at approximately $32,000. CX Institutional bought a new stake in Canadian National Railway in the 1st quarter valued at approximately $39,000. Brooklyn Investment Group boosted its position in Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company's stock worth $42,000 after acquiring an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its position in Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company's stock worth $58,000 after acquiring an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock worth $70,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of CNI opened at $97.08 on Thursday. The company's 50-day moving average is $94.68 and its 200-day moving average is $98.89. 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 $60.26 billion, a PE ratio of 18.67, a PEG ratio of 2.17 and a beta of 0.96. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $116.79.

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

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were paid a $0.6507 dividend. This represents a $2.60 annualized dividend and a dividend yield of 2.7%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. Canadian National Railway's dividend payout ratio is currently 50.19%.

Analysts Set New Price Targets

Several brokerages recently commented on CNI. Susquehanna reduced their target price on shares of Canadian National Railway from $120.00 to $115.00 and set a "positive" rating for the company in a report on Thursday, September 25th. National Bank Financial lowered Canadian National Railway from an "outperform" rating to a "sector perform" rating in a research report on Wednesday, July 23rd. Weiss Ratings reissued a "hold (c-)" rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Raymond James Financial upgraded shares of Canadian National Railway from a "market perform" rating to an "outperform" rating in a report on Thursday, July 17th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $113.90.

About Canadian National Railway

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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