Strategic Capital Advisers Inc. purchased a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 22,197 shares of the transportation company’s stock, valued at approximately $1,831,000. Canadian National Railway comprises 1.8% of Strategic Capital Advisers Inc.’s investment portfolio, making the stock its 25th biggest holding.
Other institutional investors have also recently added to or reduced their stakes in the company. Delpha Capital Management LLC bought a new position in Canadian National Railway during the 4th quarter worth approximately $143,000. Goodman Financial Corp bought a new position in Canadian National Railway during the 4th quarter worth approximately $165,000. Security National Bank of SO Dak bought a new position in Canadian National Railway during the 3rd quarter worth approximately $203,000. Dean Capital Investments Management LLC bought a new position in Canadian National Railway during the 4th quarter worth approximately $205,000. Finally, Sowell Financial Services LLC bought a new position in Canadian National Railway during the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 55.36% of the company’s stock.
Several research analysts have issued reports on the stock. Credit Suisse Group restated a “neutral” rating and set a $75.00 price target (down previously from $83.00) on shares of Canadian National Railway in a report on Thursday, March 8th. Bank of America lowered shares of Canadian National Railway from a “neutral” rating to an “underperform” rating in a report on Tuesday, March 6th. Cowen restated an “outperform” rating and set a $86.00 price target (down previously from $90.00) on shares of Canadian National Railway in a report on Wednesday, February 28th. Deutsche Bank lowered their price target on shares of Canadian National Railway from $74.00 to $69.00 and set a “sell” rating for the company in a report on Friday, February 16th. Finally, Argus lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Friday, February 16th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $82.57.
Canadian National Railway (NYSE:CNI) traded up $0.31 during trading hours on Wednesday, hitting $74.63. 1,423,967 shares of the stock traded hands, compared to its average volume of 1,611,351. The company has a market cap of $55,420.00, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.96 and a beta of 1.00. The company has a quick ratio of 0.44, a current ratio of 0.55 and a debt-to-equity ratio of 0.53. Canadian National Railway has a 12 month low of $71.02 and a 12 month high of $85.73.
Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $0.94 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.04). The company had revenue of $2.57 billion during the quarter, compared to the consensus estimate of $2.61 billion. Canadian National Railway had a net margin of 42.25% and a return on equity of 24.62%. equities research analysts anticipate that Canadian National Railway will post 4.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.3665 per share. This represents a $1.47 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, March 7th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.33. Canadian National Railway’s payout ratio is 26.20%.
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Canadian National Railway Profile
Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.
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