Marshall Financial Group LLC Acquires 112 Shares of Canadian National Railway (NYSE:CNI)

Marshall Financial Group LLC boosted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,209 shares of the transportation company’s stock after acquiring an additional 112 shares during the period. Marshall Financial Group LLC’s holdings in Canadian National Railway were worth $970,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its holdings in Canadian National Railway by 61.1% during the fourth quarter. Wells Fargo & Company MN now owns 162,179 shares of the transportation company’s stock worth $20,375,000 after acquiring an additional 61,498 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of Canadian National Railway by 1.1% in the fourth quarter. Royal London Asset Management Ltd. now owns 1,602,728 shares of the transportation company’s stock valued at $201,351,000 after purchasing an additional 17,083 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in shares of Canadian National Railway in the second quarter valued at about $134,096,000. Koshinski Asset Management Inc. bought a new stake in shares of Canadian National Railway in the first quarter valued at about $627,000. Finally, Virtu Financial LLC bought a new stake in shares of Canadian National Railway in the fourth quarter valued at about $816,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

NYSE CNI traded down $0.17 during trading on Friday, reaching $112.92. 535,150 shares of the company’s stock were exchanged, compared to its average volume of 1,077,841. The business has a 50 day moving average price of $117.20 and a 200-day moving average price of $124.20. The stock has a market capitalization of $71.41 billion, a P/E ratio of 18.01, a PEG ratio of 2.26 and a beta of 0.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same period in the previous year, the company posted $1.31 EPS. Canadian National Railway’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts forecast that Canadian National Railway will post 5.62 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be given a $0.614 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is 39.07%.

Analyst Ratings Changes

CNI has been the topic of a number of research reports. StockNews.com lowered Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Wells Fargo & Company cut their price target on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Stifel Nicolaus cut their price target on Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a report on Wednesday, July 24th. Susquehanna dropped their target price on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, National Bank Financial upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Sixteen investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $138.35.

Canadian National Railway 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.