Jones Financial Companies Lllp Acquires 307 Shares of Canadian National Railway (NYSE:CNI)

Jones Financial Companies Lllp increased its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.1% during the fourth quarter, Holdings Channel reports. The firm owned 5,311 shares of the transportation company’s stock after acquiring an additional 307 shares during the quarter. Jones Financial Companies Lllp’s holdings in Canadian National Railway were worth $539,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNI. National Bank of Canada FI raised its position in shares of Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after buying an additional 2,137,948 shares during the last quarter. Canoe Financial LP purchased a new position in Canadian National Railway during the fourth quarter valued at $216,943,000. Point72 Asset Management L.P. bought a new stake in Canadian National Railway in the 3rd quarter valued at $159,907,000. Wellington Management Group LLP lifted its stake in Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in shares of Canadian National Railway by 64.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock valued at $174,813,000 after purchasing an additional 584,832 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CNI has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Barclays decreased their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus increased their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Down 3.0 %

Shares of NYSE CNI opened at $98.08 on Tuesday. The company has a market cap of $61.62 billion, a P/E ratio of 19.16, a PEG ratio of 1.95 and a beta of 0.91. The firm has a 50-day simple moving average of $102.20 and a two-hundred day simple moving average of $108.44. Canadian National Railway has a 1 year low of $96.28 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

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

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.51%. The ex-dividend date is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.85%.

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.