Beacon Investment Advisors LLC Purchases 471 Shares of Canadian National Railway (NYSE:CNI)

Beacon Investment Advisors LLC grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.0% during the 4th quarter, Holdings Channel reports. The firm owned 16,027 shares of the transportation company’s stock after purchasing an additional 471 shares during the period. Beacon Investment Advisors LLC’s holdings in Canadian National Railway were worth $1,627,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Quintet Private Bank Europe S.A. bought a new stake in Canadian National Railway during the 4th quarter worth approximately $25,000. Arlington Trust Co LLC bought a new stake in shares of Canadian National Railway during the fourth quarter worth $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian National Railway during the fourth quarter worth $30,000. Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in 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 valued at $34,000 after acquiring an additional 108 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $99.21 on Monday. The firm has a market cap of $62.35 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The stock’s fifty day moving average price is $98.99 and its two-hundred day moving average price is $104.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, research analysts expect that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is presently 47.66%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CNI. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Citigroup lowered their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Stifel Nicolaus decreased their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Susquehanna dropped their price target on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday, March 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.36.

Canadian National Railway 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.