Mission Wealth Management LP Makes New $1.19 Million Investment in Canadian National Railway (NYSE:CNI)

Mission Wealth Management LP purchased a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 9,451 shares of the transportation company’s stock, valued at approximately $1,187,000.

Other large investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Canadian National Railway by 3.3% during the fourth quarter. Van ECK Associates Corp now owns 151,874 shares of the transportation company’s stock valued at $19,100,000 after buying an additional 4,789 shares during the last quarter. Mather Group LLC. lifted its position in Canadian National Railway by 108.8% during the fourth quarter. Mather Group LLC. now owns 4,351 shares of the transportation company’s stock valued at $547,000 after acquiring an additional 2,267 shares during the last quarter. Motley Fool Wealth Management LLC boosted its stake in Canadian National Railway by 19.3% in the fourth quarter. Motley Fool Wealth Management LLC now owns 91,541 shares of the transportation company’s stock valued at $11,497,000 after acquiring an additional 14,781 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new position in Canadian National Railway in the fourth quarter worth $1,008,000. Finally, Callan Capital LLC acquired a new position in shares of Canadian National Railway during the fourth quarter worth $217,000. 80.74% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Susquehanna upped their price objective on shares of Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Wells Fargo & Company boosted their target price on shares of Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Stifel Nicolaus raised their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Finally, Stephens reissued an “equal weight” rating and set a $140.00 price objective on shares of Canadian National Railway in a report on Wednesday, April 24th. Eighteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $149.05.

Canadian National Railway Price Performance

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

Canadian National Railway Cuts Dividend

The firm also recently announced 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. This represents a $2.50 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s 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.