Korea Investment CORP Has $36.24 Million Position in Canadian National Railway (NYSE:CNI)

Korea Investment CORP lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 45.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 357,045 shares of the transportation company’s stock after purchasing an additional 111,454 shares during the period. Korea Investment CORP’s holdings in Canadian National Railway were worth $36,238,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Financial Counselors Inc. lifted its holdings in shares of Canadian National Railway by 27.8% during the fourth quarter. Financial Counselors Inc. now owns 2,301 shares of the transportation company’s stock worth $234,000 after buying an additional 501 shares during the last quarter. Mufg Securities Canada LTD. increased its position in Canadian National Railway by 71.9% during the fourth quarter. Mufg Securities Canada LTD. now owns 844,974 shares of the transportation company’s stock worth $85,748,000 after acquiring an additional 353,358 shares during the period. Murphy & Mullick Capital Management Corp acquired a new position in Canadian National Railway during the 4th quarter valued at $52,000. TD Asset Management Inc. boosted its holdings in Canadian National Railway by 2.7% in the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock valued at $1,194,443,000 after purchasing an additional 309,210 shares during the period. Finally, CoreFirst Bank & Trust acquired a new stake in Canadian National Railway in the 4th quarter worth $92,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

NYSE:CNI opened at $97.39 on Friday. 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 firm has a market cap of $61.20 billion, a PE ratio of 19.02, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.27. The company’s 50-day moving average price is $101.07 and its two-hundred day moving average price is $106.64.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, equities analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.53%. Canadian National Railway’s dividend payout ratio (DPR) is 47.66%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CNI. Royal Bank of Canada cut their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Wells Fargo & Company cut their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Barclays decreased their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $124.02.

Canadian National Railway Company 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.