Canadian National Railway Company $CNI Shares Bought by White Pine Investment CO

White Pine Investment CO raised its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,234 shares of the transportation company’s stock after buying an additional 155 shares during the quarter. White Pine Investment CO’s holdings in Canadian National Railway were worth $5,434,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CNI. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Canadian National Railway by 42.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,325 shares of the transportation company’s stock valued at $2,165,000 after purchasing an additional 6,324 shares during the period. Versant Capital Management Inc increased its stake in Canadian National Railway by 2,044.7% during the 1st quarter. Versant Capital Management Inc now owns 2,016 shares of the transportation company’s stock worth $196,000 after buying an additional 1,922 shares during the period. GAMMA Investing LLC increased its stake in Canadian National Railway by 12,692.7% during the 1st quarter. GAMMA Investing LLC now owns 69,976 shares of the transportation company’s stock worth $6,820,000 after buying an additional 69,429 shares during the period. QV Investors Inc. increased its stake in Canadian National Railway by 15.0% during the 1st quarter. QV Investors Inc. now owns 505,605 shares of the transportation company’s stock worth $49,196,000 after buying an additional 65,944 shares during the period. Finally, Strong Tower Advisory Services increased its stake in Canadian National Railway by 63.0% during the 1st quarter. Strong Tower Advisory Services now owns 28,542 shares of the transportation company’s stock worth $2,704,000 after buying an additional 11,030 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CNI. Argus raised shares of Canadian National Railway to a “hold” rating in a research note on Friday, June 27th. Raymond James Financial raised shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Royal Bank Of Canada cut their target price on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 23rd. Wells Fargo & Company cut their target price on shares of Canadian National Railway from $120.00 to $117.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 23rd. Finally, Bank of America cut their target price on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average target price of $116.86.

Canadian National Railway Stock Up 1.1%

Shares of NYSE:CNI opened at $93.94 on Tuesday. The firm’s 50 day moving average price is $94.53 and its 200 day moving average price is $99.11. The stock has a market cap of $58.32 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 2.14 and a beta of 0.94. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $117.42. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). The firm had revenue of $3.14 billion during 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%. The firm’s revenue was down 1.3% compared to the same quarter last year. During the same period last year, the business earned $1.84 EPS. As a group, equities research analysts predict that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 8th were paid a $0.6507 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, September 8th. 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.