One Capital Management LLC Acquires Shares of 4,821 Canadian National Railway Company $CNI

One Capital Management LLC acquired a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,821 shares of the transportation company’s stock, valued at approximately $477,000.

A number of other institutional investors have also recently bought and sold shares of CNI. High Point Wealth Management LLC acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $27,000. Costello Asset Management INC raised its position in shares of Canadian National Railway by 83.3% in the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares in the last quarter. Leonteq Securities AG acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $39,000. Fulcrum Asset Management LLP acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at approximately $51,000. Finally, TFC Financial Management Inc. acquired a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $61,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Down 0.0%

Shares of NYSE CNI opened at $119.45 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $122.48. The firm has a 50 day moving average price of $111.20 and a two-hundred day moving average price of $104.52. The stock has a market cap of $72.59 billion, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same period in the prior year, the company posted $1.85 EPS. The company’s revenue was down .5% on a year-over-year basis. As a group, equities analysts forecast that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is 48.73%.

Analysts Set New Price Targets

CNI has been the subject of several analyst reports. Citigroup boosted their target price on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Royal Bank Of Canada boosted their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday, April 30th. Sanford C. Bernstein boosted their target price on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research report on Tuesday, March 31st. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. Finally, Barclays boosted their target price on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a research report on Thursday, April 30th. Nine equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $122.04.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.