Canadian National Railway Company $CNI Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its stake in Canadian National Railway Company by 137.0%, holding 16,918 shares valued at approximately $1.65 million as of the latest report.
• Canadian National Railway recently increased its quarterly dividend to $0.6507, raising the annualized dividend to $2.60 with a yield of 2.8%.
• Analysts have varied opinions on Canadian National Railway, with a consensus rating of "Hold" and an average price target of $118.36.

Vestmark Advisory Solutions Inc. lifted its position in shares of Canadian National Railway Company (NYSE:CNI - Free Report) TSE: CNR by 137.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,918 shares of the transportation company's stock after purchasing an additional 9,779 shares during the period. Vestmark Advisory Solutions Inc.'s holdings in Canadian National Railway were worth $1,649,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Dagco Inc. purchased a new stake in Canadian National Railway in the first quarter valued at $32,000. Bruce G. Allen Investments LLC lifted its position in Canadian National Railway by 44.2% in 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. CX Institutional purchased a new stake in Canadian National Railway in the first quarter valued at $39,000. Dunhill Financial LLC lifted its position in Canadian National Railway by 1,020.0% in the fourth quarter. Dunhill Financial LLC now owns 560 shares of the transportation company's stock valued at $57,000 after acquiring an additional 510 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company's stock valued at $70,000 after acquiring an additional 171 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded up $1.8140 on Friday, reaching $95.8440. 848,393 shares of the stock were exchanged, compared to its average volume of 1,492,715. Canadian National Railway Company has a 1-year low of $91.65 and a 1-year high of $121.12. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The business has a fifty day moving average price of $99.24 and a two-hundred day moving average price of $100.27. The firm has a market capitalization of $59.83 billion, a PE ratio of 18.45, a PEG ratio of 2.09 and a beta of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (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 quarter last year, the firm earned $1.84 earnings per share. The company's revenue was down 1.3% compared to the same quarter last year. As a group, research analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal 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 paid a dividend of $0.6507 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.7%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.62. The ex-dividend date is Monday, September 8th. Canadian National Railway's dividend payout ratio (DPR) is presently 49.81%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CNI. Stephens boosted 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 report on Friday, May 2nd. Evercore ISI cut shares of Canadian National Railway from an "outperform" rating to an "in-line" rating and set a $105.00 target price for the company. in a report on Wednesday, July 23rd. Barclays reduced their target price on shares of Canadian National Railway from $106.00 to $99.00 and set an "equal weight" rating for the company in a report on Wednesday, July 23rd. Wall Street Zen raised shares of Canadian National Railway from a "sell" rating to a "hold" rating in a report on Friday, May 30th. Finally, JPMorgan Chase & Co. reaffirmed 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 given a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus 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.