Cvfg LLC Makes New $219,000 Investment in Canadian National Railway (NYSE:CNI)

Cvfg LLC purchased a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,154 shares of the transportation company’s stock, valued at approximately $219,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fortitude Family Office LLC grew its position in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the period. Coastline Trust Co purchased a new stake in shares of Canadian National Railway during the 3rd quarter worth approximately $34,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares during the period. Reston Wealth Management LLC purchased a new position in Canadian National Railway in the 3rd quarter valued at approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Canadian National Railway during the third quarter worth $56,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Up 1.3 %

CNI opened at $101.98 on Friday. Canadian National Railway has a 12 month low of $98.96 and a 12 month high of $134.02. The business has a 50-day moving average of $105.85 and a two-hundred day moving average of $112.09. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The stock has a market capitalization of $64.13 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. Canadian National Railway’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. On average, research analysts expect that Canadian National Railway will post 5.21 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were given a $0.6108 dividend. This represents a $2.44 annualized dividend and a dividend yield of 2.40%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is currently 38.30%.

Wall Street Analyst Weigh In

Several analysts have weighed in on CNI shares. Bank of America lowered their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Barclays lifted their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Wells Fargo & Company lowered their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday. The Goldman Sachs Group cut their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $124.77.

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.