Mediolanum International Funds Ltd Has $3.14 Million Stock Position in Canadian National Railway Company $CNI

Mediolanum International Funds Ltd lessened its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 46.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,954 shares of the transportation company’s stock after selling 26,987 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Canadian National Railway were worth $3,140,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CNI. AQR Capital Management LLC acquired a new position in shares of Canadian National Railway during the first quarter worth approximately $311,000. Focus Partners Wealth increased its position in Canadian National Railway by 11.1% during 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 during the period. Schnieders Capital Management LLC. acquired a new position in Canadian National Railway during the 2nd quarter valued at $202,000. EverSource Wealth Advisors LLC raised its stake in Canadian National Railway by 52.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in Canadian National Railway by 2.9% in the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 474 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $126.75 on Tuesday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a market cap of $76.81 billion, a P/E ratio of 23.05, a P/E/G ratio of 2.46 and a beta of 0.96. The business’s fifty day moving average is $118.81 and its two-hundred day moving average is $109.89. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $129.52.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting the consensus estimate of $1.31. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The business’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts forecast that Canadian National Railway Company will post 5.66 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were given a dividend of $0.915 per share. The ex-dividend date was Tuesday, June 9th. This represents a $3.66 annualized dividend and a yield of 2.9%. Canadian National Railway’s dividend payout ratio is 48.55%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Citizens Jmp initiated coverage on shares of Canadian National Railway in a research report on Wednesday, July 15th. They issued a “market perform” rating on the stock. National Bank Financial set a $124.00 price target on Canadian National Railway in a research note on Thursday, June 25th. Evercore raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price target on the stock in a report on Thursday, June 25th. Barclays increased their price objective on shares of Canadian National Railway from $99.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Finally, Susquehanna reiterated a “neutral” rating and set a $140.00 target price (up from $138.00) on shares of Canadian National Railway in a research report on Tuesday, July 14th. Eight analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus target price of $132.12.

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.