Hexagon Capital Partners LLC Has $175,000 Stock Position in Canadian National Railway (NYSE:CNI)

Hexagon Capital Partners LLC increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 83.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,395 shares of the transportation company’s stock after purchasing an additional 634 shares during the quarter. Hexagon Capital Partners LLC’s holdings in Canadian National Railway were worth $175,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. FinTrust Capital Advisors LLC grew its holdings in Canadian National Railway by 58.9% during the 3rd quarter. FinTrust Capital Advisors LLC now owns 755 shares of the transportation company’s stock worth $82,000 after acquiring an additional 280 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its holdings in Canadian National Railway by 0.8% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 76,994 shares of the transportation company’s stock worth $8,341,000 after acquiring an additional 615 shares during the last quarter. Channel Wealth LLC grew its holdings in Canadian National Railway by 15.8% during the 3rd quarter. Channel Wealth LLC now owns 17,529 shares of the transportation company’s stock worth $1,899,000 after acquiring an additional 2,387 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its holdings in Canadian National Railway by 2.2% during the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 276,660 shares of the transportation company’s stock worth $30,100,000 after acquiring an additional 6,000 shares during the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co grew its holdings in Canadian National Railway by 0.3% during the 3rd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 103,879 shares of the transportation company’s stock worth $11,159,000 after acquiring an additional 315 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays raised their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a research note on Thursday, April 4th. TD Securities lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Jefferies Financial Group assumed coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 target price on the stock. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 24th. Eighteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $149.05.

Canadian National Railway Trading Down 0.3 %

Canadian National Railway stock opened at $121.02 on Thursday. The firm has a 50-day moving average of $129.08 and a 200-day moving average of $122.72. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. The company has a market cap of $77.29 billion, a price-to-earnings ratio of 19.30, a P/E/G ratio of 2.13 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $0.625 per share. The ex-dividend date is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.07%. Canadian National Railway’s dividend payout ratio is 40.03%.

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.