Skandinaviska Enskilda Banken AB publ Purchases 10,202 Shares of Canadian National Railway Company $CNI

Skandinaviska Enskilda Banken AB publ boosted its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 12.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,418 shares of the transportation company’s stock after purchasing an additional 10,202 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Canadian National Railway were worth $9,407,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Addison Advisors LLC grew its position in shares of Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after purchasing an additional 150 shares in the last quarter. Curio Wealth LLC grew its stake in Canadian National Railway by 31,600.0% during the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after buying an additional 316 shares in the last quarter. Dagco Inc. bought a new stake in shares of Canadian National Railway during the 1st quarter worth approximately $32,000. Brooklyn Investment Group increased its stake in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in Canadian National Railway by 42.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after purchasing an additional 167 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Evercore ISI boosted their price objective on Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a research report on Monday, November 3rd. Cibc Captl Mkts upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Friday. Citigroup upped their price objective on Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Finally, Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and an average target price of $117.36.

Canadian National Railway Price Performance

Shares of CNI opened at $95.88 on Friday. The firm has a market cap of $59.11 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 2.13 and a beta of 0.95. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $112.06. The business’s 50 day moving average price is $94.76 and its two-hundred day moving average price is $98.11. 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 (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. Canadian National Railway’s revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.72 earnings per share. On average, equities analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.8875 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Tuesday, December 9th. Canadian National Railway’s dividend payout ratio is presently 48.01%.

Canadian National Railway Company 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.