Canadian National Railway (NYSE:CNI) Shares Purchased by Vestor Capital LLC

Vestor Capital LLC raised its position in Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) by 48.8% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 152,107 shares of the transportation company’s stock after purchasing an additional 49,874 shares during the period. Canadian National Railway comprises approximately 2.0% of Vestor Capital LLC’s portfolio, making the stock its 14th biggest holding. Vestor Capital LLC’s holdings in Canadian National Railway were worth $20,404,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Congress Wealth Management LLC DE acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at $378,000. Jones Financial Companies Lllp boosted its stake in shares of Canadian National Railway by 18.1% during the first quarter. Jones Financial Companies Lllp now owns 1,360 shares of the transportation company’s stock valued at $182,000 after acquiring an additional 208 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of Canadian National Railway by 0.3% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 717,901 shares of the transportation company’s stock valued at $87,487,000 after acquiring an additional 1,904 shares during the last quarter. Papp L Roy & Associates boosted its stake in shares of Canadian National Railway by 0.5% during the first quarter. Papp L Roy & Associates now owns 174,845 shares of the transportation company’s stock valued at $23,454,000 after acquiring an additional 881 shares during the last quarter. Finally, Tyler Stone Wealth Management acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at $30,000. Institutional investors and hedge funds own 70.92% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE CNI traded up $0.81 during mid-day trading on Friday, reaching $127.06. The company had a trading volume of 754,000 shares, compared to its average volume of 958,775. The company has a current ratio of 0.71, a quick ratio of 0.55 and a debt-to-equity ratio of 0.55. The stock has a market cap of $87.28 billion, a PE ratio of 22.10, a P/E/G ratio of 1.97 and a beta of 0.84. The company has a 50-day moving average price of $114.76 and a two-hundred day moving average price of $120.15. Canadian National Railway has a 1-year low of $104.67 and a 1-year high of $137.19.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Thursday, September 8th will be issued a dividend of $0.569 per share. The ex-dividend date of this dividend is Wednesday, September 7th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.79%. Canadian National Railway’s dividend payout ratio is 40.35%.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent analyst reports. Barclays reduced their target price on Canadian National Railway from $120.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 12th. Scotiabank raised their price objective on Canadian National Railway from C$150.00 to C$152.00 in a report on Wednesday, July 27th. CIBC upgraded Canadian National Railway from a “neutral” rating to a “sector outperform” rating in a report on Thursday, June 2nd. JPMorgan Chase & Co. dropped their target price on Canadian National Railway from C$162.00 to C$148.00 in a report on Tuesday, July 12th. Finally, Evercore ISI dropped their target price on Canadian National Railway from $128.00 to $122.00 and set an “outperform” rating on the stock in a report on Tuesday, July 12th. Fourteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $142.24.

Canadian National Railway Profile

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Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

Further Reading

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

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