Canadian National Railway (NYSE:CNI) Shares Acquired by Vantage Wealth

Vantage Wealth grew its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 11.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,772 shares of the transportation company's stock after purchasing an additional 18,960 shares during the quarter. Canadian National Railway makes up 3.9% of Vantage Wealth's holdings, making the stock its 19th biggest position. Vantage Wealth's holdings in Canadian National Railway were worth $17,423,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Royal Bank of Canada increased its holdings in shares of Canadian National Railway by 7.5% in 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 purchasing an additional 1,934,622 shares during the last quarter. Vanguard Group Inc. grew its holdings in Canadian National Railway by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock valued at $2,334,251,000 after buying an additional 101,228 shares in the last quarter. Capital International Investors increased its stake in shares of Canadian National Railway by 12.8% in the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company's stock worth $1,199,680,000 after acquiring an additional 1,341,133 shares during the last quarter. TD Asset Management Inc. raised its holdings in shares of 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 acquiring an additional 309,210 shares during the period. Finally, JARISLOWSKY FRASER Ltd raised its holdings in shares of 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 acquiring an additional 422,078 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Stephens increased their price target on shares of Canadian National Railway from $105.00 to $109.00 and gave the company an "equal weight" rating in a research note on Friday, May 2nd. Barclays dropped their price target on shares of Canadian National Railway from $104.00 to $101.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Citigroup dropped their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Raymond James cut shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, April 22nd. Finally, Evercore ISI lowered their price objective on shares of Canadian National Railway from $119.00 to $114.00 and set an "outperform" rating for the company in a research report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $119.52.

Canadian National Railway Stock Up 0.3%

Canadian National Railway stock traded up $0.33 during mid-day trading on Wednesday, reaching $106.18. 920,975 shares of the company's stock were exchanged, compared to its average volume of 1,326,656. The company has a market cap of $66.74 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.95 and a beta of 0.98. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $126.78. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a fifty day moving average of $100.65 and a 200-day moving average of $102.13.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.03. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $4.38 billion. Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.72 EPS. Sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $0.8875 dividend. This represents a dividend yield of 2.47%. This is a positive change from Canadian National Railway's previous dividend of $0.29. The ex-dividend date of this dividend is Monday, June 9th. Canadian National Railway's dividend payout ratio (DPR) is presently 50.29%.

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.