Canadian National Railway Company $CNI Shares Bought by Wealthstream Advisors Inc.

Wealthstream Advisors Inc. raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,241 shares of the transportation company’s stock after acquiring an additional 177 shares during the period. Wealthstream Advisors Inc.’s holdings in Canadian National Railway were worth $233,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Rosenberg Matthew Hamilton lifted its stake in shares of Canadian National Railway by 15.6% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,347 shares of the transportation company’s stock worth $140,000 after acquiring an additional 182 shares during the period. Generali Asset Management SPA SGR lifted its stake in shares of Canadian National Railway by 22.2% in the 2nd quarter. Generali Asset Management SPA SGR now owns 43,092 shares of the transportation company’s stock worth $4,483,000 after acquiring an additional 7,824 shares during the period. Ritholtz Wealth Management lifted its stake in shares of Canadian National Railway by 8.1% in the 2nd quarter. Ritholtz Wealth Management now owns 11,840 shares of the transportation company’s stock worth $1,232,000 after acquiring an additional 883 shares during the period. TD Asset Management Inc lifted its stake in shares of Canadian National Railway by 2.3% in the 2nd quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock worth $1,255,385,000 after acquiring an additional 273,974 shares during the period. Finally, Morningstar Investment Management LLC acquired a new stake in shares of Canadian National Railway in the second quarter valued at about $352,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Barclays reduced their price objective on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. Argus upgraded shares of Canadian National Railway to a “hold” rating in a research note on Friday, June 27th. Susquehanna reduced their price objective on shares of Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a research note on Thursday, September 25th. Wells Fargo & Company reduced their price objective on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Finally, Wall Street Zen upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.90.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $95.69 on Friday. The business’s fifty day moving average price is $94.79 and its two-hundred day moving average price is $98.84. The stock has a market cap of $59.21 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 2.17 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. Canadian National Railway Company has a one year low of $91.07 and a one year high of $114.99.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The company had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. Canadian National Railway’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.84 EPS. On average, analysts forecast that Canadian National Railway Company 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, September 29th. Shareholders of record on Monday, September 8th were issued a dividend of $0.6507 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.7%. Canadian National Railway’s payout ratio is currently 50.19%.

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.