Canadian National Railway (NYSE:CNI) Shares Bought by Lester Murray Antman dba SimplyRich

Lester Murray Antman dba SimplyRich lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,447 shares of the transportation company’s stock after buying an additional 866 shares during the period. Lester Murray Antman dba SimplyRich’s holdings in Canadian National Railway were worth $1,872,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arlington Trust Co LLC bought a new stake in Canadian National Railway during the 4th quarter valued at $30,000. Harbour Trust & Investment Management Co lifted its holdings in Canadian National Railway by 0.4% in the fourth quarter. Harbour Trust & Investment Management Co now owns 97,233 shares of the transportation company’s stock worth $9,870,000 after purchasing an additional 415 shares during the period. Kestra Private Wealth Services LLC increased its stake in Canadian National Railway by 15.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 6,959 shares of the transportation company’s stock valued at $706,000 after buying an additional 935 shares during the period. Advisory Resource Group raised its position in shares of Canadian National Railway by 19.3% during the 4th quarter. Advisory Resource Group now owns 10,014 shares of the transportation company’s stock worth $1,017,000 after buying an additional 1,623 shares in the last quarter. Finally, Hendershot Investments Inc. lifted its stake in shares of Canadian National Railway by 8.2% in the 4th quarter. Hendershot Investments Inc. now owns 112,751 shares of the transportation company’s stock worth $11,445,000 after acquiring an additional 8,564 shares during the period. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Royal Bank of Canada lowered their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Barclays lowered their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Wells Fargo & Company dropped their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $124.19.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $102.85 on Wednesday. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02. The firm’s 50 day simple moving average is $103.38 and its 200-day simple moving average is $110.07. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market cap of $64.67 billion, a P/E ratio of 20.09, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. As a group, equities research analysts predict that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.40%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s payout ratio is presently 46.68%.

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.