1,600 Shares in Canadian National Railway (NYSE:CNI) Bought by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC acquired a new stake in Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,600 shares of the transportation company’s stock, valued at approximately $201,000.

Other institutional investors have also bought and sold shares of the company. Tyler Stone Wealth Management bought a new position in Canadian National Railway during the 2nd quarter valued at $30,000. JFS Wealth Advisors LLC raised its position in shares of Canadian National Railway by 241.1% in the third quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after buying an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Canadian National Railway by 121.0% during the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after purchasing an additional 202 shares in the last quarter. Rational Advisors LLC purchased a new position in shares of Canadian National Railway in the 3rd quarter worth about $41,000. Finally, Crewe Advisors LLC bought a new position in shares of Canadian National Railway during the 3rd quarter valued at $43,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI traded up $0.21 during trading hours on Wednesday, hitting $130.49. The stock had a trading volume of 50,623 shares, compared to its average volume of 985,227. The firm has a market capitalization of $83.56 billion, a PE ratio of 20.55, a PEG ratio of 2.35 and a beta of 0.88. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The stock has a fifty day moving average price of $128.90 and a 200 day moving average price of $120.14.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last released its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. The business had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Analysts anticipate that Canadian National Railway will post 5.96 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 7th were paid a dividend of $0.638 per share. This represents a $2.55 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. TD Securities cut shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Citigroup raised their target price on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Bank of America upped their price target on Canadian National Railway from $131.00 to $140.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Susquehanna Bancshares boosted their target price on shares of Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a report on Monday, January 8th. Finally, CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Seventeen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average target price of $146.70.

Read Our Latest Analysis on CNI

About Canadian National Railway

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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