Motley Fool Wealth Management LLC Raises Stock Position in Canadian National Railway (NYSE:CNI)

Motley Fool Wealth Management LLC raised its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 19.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 91,541 shares of the transportation company's stock after buying an additional 14,781 shares during the period. Motley Fool Wealth Management LLC's holdings in Canadian National Railway were worth $11,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CNI. PDS Planning Inc lifted its position in shares of Canadian National Railway by 2.0% in the 4th quarter. PDS Planning Inc now owns 4,566 shares of the transportation company's stock worth $574,000 after purchasing an additional 89 shares during the period. Tacita Capital Inc lifted its position in shares of Canadian National Railway by 0.4% in the 3rd quarter. Tacita Capital Inc now owns 27,356 shares of the transportation company's stock worth $2,972,000 after purchasing an additional 97 shares during the period. Signaturefd LLC lifted its position in shares of Canadian National Railway by 1.0% in the 3rd quarter. Signaturefd LLC now owns 10,739 shares of the transportation company's stock worth $1,163,000 after purchasing an additional 110 shares during the period. Legacy Wealth Asset Management LLC lifted its position in shares of Canadian National Railway by 1.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 10,496 shares of the transportation company's stock worth $1,137,000 after purchasing an additional 111 shares during the period. Finally, First Foundation Advisors lifted its position in shares of Canadian National Railway by 0.9% in the 3rd quarter. First Foundation Advisors now owns 12,852 shares of the transportation company's stock worth $1,392,000 after purchasing an additional 111 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CNI has been the subject of several research reports. Citigroup upped their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 24th. Susquehanna increased their target price on shares of Canadian National Railway from $140.00 to $142.00 and gave the company a "neutral" rating in a research report on Wednesday. CIBC cut shares of Canadian National Railway from a "sector outperform" rating to a "neutral" rating in a research report on Wednesday, January 10th. Bank of America raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and increased their target price for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. Finally, Susquehanna Bancshares increased their target price on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a "neutral" rating in a research report on Monday, January 8th. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $149.05.

Canadian National Railway Stock Performance

Shares of NYSE:CNI traded up $0.45 during midday trading on Friday, reaching $125.23. The company's stock had a trading volume of 847,446 shares, compared to its average volume of 1,025,080. The firm has a market capitalization of $79.98 billion, a PE ratio of 19.97, a P/E/G ratio of 2.19 and a beta of 0.88. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The stock has a fifty day moving average of $129.49 and a 200 day moving average of $122.52. The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt-to-equity ratio of 0.84.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.00%. Canadian National Railway's payout ratio is currently 40.03%.

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.