Vanguard Personalized Indexing Management LLC Purchases 709 Shares of Canadian National Railway (NYSE:CNI)

Vanguard Personalized Indexing Management LLC increased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,665 shares of the transportation company’s stock after purchasing an additional 709 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Canadian National Railway were worth $1,714,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. GQG Partners LLC raised its holdings in shares of Canadian National Railway by 0.8% in the 1st quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock valued at $1,505,000 after purchasing an additional 93 shares during the period. Choreo LLC raised its holdings in Canadian National Railway by 1.5% in the 1st quarter. Choreo LLC now owns 6,427 shares of the transportation company’s stock valued at $846,000 after acquiring an additional 97 shares during the period. B. Riley Wealth Advisors Inc. raised its holdings in Canadian National Railway by 2.5% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock valued at $547,000 after acquiring an additional 100 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Canadian National Railway by 1.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock valued at $1,105,000 after acquiring an additional 102 shares during the period. Finally, Blue Trust Inc. raised its holdings in Canadian National Railway by 19.3% in the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock valued at $77,000 after acquiring an additional 105 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

NYSE CNI opened at $117.07 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $74.04 billion, a price-to-earnings ratio of 18.67, a P/E/G ratio of 2.56 and a beta of 0.88. The firm’s 50 day simple moving average is $116.23 and its 200 day simple moving average is $122.15. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.09). The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 EPS. As a group, research analysts expect that Canadian National Railway will post 5.58 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 6th will be given a $0.614 dividend. The ex-dividend date is Friday, September 6th. This represents a $2.46 dividend on an annualized basis and a yield of 2.10%. Canadian National Railway’s dividend payout ratio is currently 39.07%.

Analysts Set New Price Targets

CNI has been the topic of several research analyst reports. Bank of America lowered their price target on shares of Canadian National Railway from $132.00 to $129.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Scotiabank raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 24th. National Bank Financial raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Finally, Stephens decreased their target price on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 24th. Fifteen analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $136.33.

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.