Kathmere Capital Management LLC Purchases 5,053 Shares of Canadian National Railway Company $CNI

Kathmere Capital Management LLC grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 37.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,711 shares of the transportation company’s stock after purchasing an additional 5,053 shares during the period. Kathmere Capital Management LLC’s holdings in Canadian National Railway were worth $1,923,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. AQR Capital Management LLC acquired a new stake in Canadian National Railway during the 1st quarter worth $311,000. Focus Partners Wealth increased its holdings in shares of Canadian National Railway by 11.1% in the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after acquiring an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of Canadian National Railway in the second quarter worth about $202,000. EverSource Wealth Advisors LLC increased its holdings in shares of Canadian National Railway by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $116,000 after acquiring an additional 383 shares in the last quarter. Finally, Baird Financial Group Inc. raised its position in shares of Canadian National Railway by 2.9% during the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after purchasing an additional 474 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

CNI opened at $121.51 on Monday. The business’s 50-day moving average price is $116.00 and its two-hundred day moving average price is $107.84. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $122.48. The company has a market capitalization of $73.72 billion, a price-to-earnings ratio of 22.09, a P/E/G ratio of 2.29 and a beta of 0.96. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting analysts’ consensus estimates of $1.31. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.85 earnings per share. Equities analysts expect that Canadian National Railway Company will post 5.75 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.55%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Citigroup lifted their price objective on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 30th. National Bank Financial set a $124.00 target price on shares of Canadian National Railway in a report on Thursday, June 25th. Sanford C. Bernstein lifted their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Bank of America lifted their price target on shares of Canadian National Railway from $132.00 to $134.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Canadian Imperial Bank of Commerce upped their price target on shares of Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Ten analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and an average target price of $126.12.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.