Canadian National Railway (NYSE:CNI) Shares Bought by First Pacific Financial

First Pacific Financial grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,076 shares of the transportation company’s stock after purchasing an additional 171 shares during the quarter. First Pacific Financial’s holdings in Canadian National Railway were worth $712,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Canadian National Railway in the 2nd quarter valued at about $26,000. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after acquiring an additional 207 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of Canadian National Railway during the second quarter worth approximately $34,000. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Canadian National Railway during the first quarter worth approximately $64,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.2 %

NYSE CNI traded up $0.20 during trading on Tuesday, hitting $115.73. The stock had a trading volume of 1,447,718 shares, compared to its average volume of 1,096,384. The company has a market capitalization of $73.19 billion, a PE ratio of 18.42, a PEG ratio of 2.55 and a beta of 0.88. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.93. The firm has a 50 day moving average price of $115.63 and a 200 day moving average price of $120.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. Canadian National Railway’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.31 earnings per share. As a group, equities research analysts forecast that Canadian National Railway will post 5.54 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.614 dividend. The ex-dividend date was Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.12%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.07%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, October 10th. Wells Fargo & Company raised shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target on the stock in a research note on Monday, October 7th. Barclays upped their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Stephens cut their price objective on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Bank of America cut Canadian National Railway from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $129.00 to $122.00 in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $126.02.

About Canadian National Railway

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.