Kwmg LLC Grows Position in Canadian National Railway (NYSE:CNI)

Kwmg LLC raised its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 53,777 shares of the transportation company’s stock after purchasing an additional 2,556 shares during the period. Kwmg LLC’s holdings in Canadian National Railway were worth $5,459,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Fortitude Family Office LLC increased its holdings 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 valued at $30,000 after buying an additional 229 shares during the period. Coastline Trust Co bought a new stake in Canadian National Railway during the 3rd quarter valued at $34,000. Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway in the 3rd quarter valued at $41,000. Sanctuary Wealth Management L.L.C. bought a new stake in Canadian National Railway during the third quarter valued at about $56,000. Finally, JCIC Asset Management Inc. grew its stake in Canadian National Railway by 72.3% in the fourth quarter. JCIC Asset Management Inc. now owns 684 shares of the transportation company’s stock valued at $69,000 after purchasing an additional 287 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock traded up $0.23 during trading hours on Monday, hitting $100.18. The company’s stock had a trading volume of 1,210,217 shares, compared to its average volume of 1,162,874. The stock has a market cap of $63.03 billion, a PE ratio of 16.05, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. Canadian National Railway has a 12-month low of $98.96 and a 12-month high of $134.02. The company has a 50 day moving average of $106.41 and a 200 day moving average of $112.42. 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 (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.26 earnings per share. On average, sell-side analysts forecast that Canadian National Railway will post 5.31 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were issued a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Monday, December 9th. Canadian National Railway’s payout ratio is presently 38.14%.

Analyst Upgrades and Downgrades

CNI has been the subject of several analyst reports. Stephens reissued an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Susquehanna cut their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. The Goldman Sachs Group reduced their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research report on Wednesday, October 9th. Bank of America lowered their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their target price on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, six have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $125.77.

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.