Canadian National Railway (NYSE:CNI) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,857,084 shares of the transportation company's stock after purchasing an additional 37,461 shares during the period. The Manufacturers Life Insurance Company owned about 0.61% of Canadian National Railway worth $392,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in CNI. Thurston Springer Miller Herd & Titak Inc. grew its position in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after buying an additional 108 shares during the period. Voya Investment Management LLC grew its holdings in shares of Canadian National Railway by 1.4% in the 4th quarter. Voya Investment Management LLC now owns 7,953 shares of the transportation company's stock worth $807,000 after acquiring an additional 112 shares during the period. Crestwood Advisors Group LLC increased its stake in Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after purchasing an additional 114 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its holdings in Canadian National Railway by 1.2% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock worth $1,167,000 after purchasing an additional 139 shares during the last quarter. Finally, Addison Advisors LLC raised its holdings in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Down 1.2 %

Shares of CNI stock traded down $1.16 during trading hours on Thursday, hitting $95.66. 1,836,876 shares of the company were exchanged, compared to its average volume of 1,283,022. The firm has a fifty day moving average of $98.13 and a 200 day moving average of $103.43. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $129.18. The firm has a market cap of $60.12 billion, a PE ratio of 18.68, a PEG ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $0.6159 dividend. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.58%. The ex-dividend date was Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is 47.66%.

Analyst Upgrades and Downgrades

CNI has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Royal Bank of Canada dropped their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Susquehanna reduced their price target on shares of Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Jefferies Financial Group lowered their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Barclays cut their price objective on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $120.36.

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.