Canadian National Railway (NYSE:CNI) Shares Purchased by Broderick Brian C

Broderick Brian C boosted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,518 shares of the transportation company’s stock after acquiring an additional 2,179 shares during the period. Canadian National Railway accounts for about 3.1% of Broderick Brian C’s investment portfolio, making the stock its 12th largest position. Broderick Brian C’s holdings in Canadian National Railway were worth $14,425,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CNI. Bfsg LLC grew its stake in Canadian National Railway by 110.5% in the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 105 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Canadian National Railway by 766.7% in the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. Keener Financial Planning LLC purchased a new position in Canadian National Railway in the 4th quarter valued at about $46,000. Rational Advisors LLC purchased a new position in Canadian National Railway in the 1st quarter valued at about $49,000. Finally, Knuff & Co LLC purchased a new position in Canadian National Railway in the 4th quarter valued at about $50,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CNI. Stifel Nicolaus upped their target price on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a report on Friday, April 12th. Susquehanna decreased their target price on shares of Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Sanford C. Bernstein cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $146.25 to $130.67 in a research report on Monday. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. Finally, Stephens reissued an “equal weight” rating and issued a $140.00 target price on shares of Canadian National Railway in a research report on Wednesday, April 24th. Nineteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $148.03.

Canadian National Railway Stock Up 0.7 %

Shares of NYSE:CNI traded up $0.85 during midday trading on Thursday, reaching $119.41. The company had a trading volume of 1,072,123 shares, compared to its average volume of 1,068,832. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. The stock’s fifty day moving average price is $122.70 and its 200-day moving average price is $125.92. The stock has a market capitalization of $75.77 billion, a P/E ratio of 19.04, a PEG ratio of 2.05 and a beta of 0.89. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.16 billion. Equities research analysts expect that Canadian National Railway will post 5.89 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $0.625 per share. The ex-dividend date was Friday, June 7th. This represents a $2.50 annualized dividend and a yield of 2.09%. Canadian National Railway’s payout ratio is 39.08%.

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.