Canadian National Railway Company $CNI Shares Bought by Nwam LLC

Nwam LLC grew its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 35.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,754 shares of the transportation company’s stock after purchasing an additional 5,165 shares during the period. Nwam LLC’s holdings in Canadian National Railway were worth $2,355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNI. FIL Ltd increased its holdings in shares of Canadian National Railway by 49.5% during the 4th quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after purchasing an additional 5,210,403 shares in the last quarter. Caisse de depot et placement du Quebec boosted its holdings in Canadian National Railway by 1.1% during the third quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after buying an additional 157,000 shares in the last quarter. Lazard Asset Management LLC grew its position in Canadian National Railway by 2.0% during the first quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock valued at $934,488,000 after buying an additional 173,894 shares during the period. Deutsche Bank AG grew its position in Canadian National Railway by 15.1% during the fourth quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock valued at $889,462,000 after buying an additional 1,182,106 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in Canadian National Railway by 3.1% in the fourth quarter. Mackenzie Financial Corp now owns 8,894,923 shares of the transportation company’s stock valued at $882,039,000 after buying an additional 268,776 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays increased their target price on shares of Canadian National Railway from $109.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Canadian National Railway from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, August 13th. National Bank Financial set a $124.00 price target on Canadian National Railway in a report on Thursday, June 25th. Bank of America increased their price target on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Susquehanna reissued a “neutral” rating and issued a $140.00 price objective (up from $138.00) on shares of Canadian National Railway in a report on Tuesday, July 14th. Nine investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $137.40.

Canadian National Railway Stock Down 3.5%

Shares of NYSE CNI opened at $120.43 on Wednesday. The firm has a market cap of $72.88 billion, a price-to-earnings ratio of 21.35, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. The company’s 50-day simple moving average is $125.51 and its 200-day simple moving average is $115.91. The company has a quick ratio of 0.61, a current ratio of 0.87 and a debt-to-equity ratio of 0.99. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.11. The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.87 EPS. Equities analysts predict that Canadian National Railway Company will post 5.82 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be issued a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.0%. Canadian National Railway’s dividend payout ratio is presently 47.34%.

Canadian National Railway Company 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.