White Pine Investment CO Buys 1,112 Shares of Canadian National Railway (NYSE:CNI)

White Pine Investment CO grew its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,755 shares of the transportation company’s stock after buying an additional 1,112 shares during the period. Canadian National Railway makes up 1.6% of White Pine Investment CO’s portfolio, making the stock its 26th biggest position. White Pine Investment CO’s holdings in Canadian National Railway were worth $5,712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNI. Canada Pension Plan Investment Board boosted its holdings in Canadian National Railway by 92.4% during the first quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock worth $593,911,000 after buying an additional 2,163,820 shares during the last quarter. Capital International Investors lifted its holdings in shares of Canadian National Railway by 18.1% during the 1st quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock valued at $1,185,647,000 after purchasing an additional 1,379,976 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Canadian National Railway by 4,614.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock valued at $157,896,000 after purchasing an additional 1,307,689 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in shares of Canadian National Railway during the 2nd quarter valued at about $134,096,000. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after purchasing an additional 674,536 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.3 %

NYSE CNI opened at $108.21 on Friday. The company has a market cap of $68.04 billion, a PE ratio of 17.34, a PEG ratio of 2.42 and a beta of 0.89. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12 month low of $107.56 and a 12 month high of $134.02. The stock has a 50 day moving average of $115.40 and a 200-day moving average of $118.76.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that Canadian National Railway will post 5.54 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.26%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.90%.

Analyst Ratings Changes

Several research firms have recently weighed in on CNI. Stephens reiterated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Veritas raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. Scotiabank raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, Sanford C. Bernstein dropped their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $125.18.

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.