Stonehage Fleming Financial Services Holdings Ltd Increases Stake in Canadian National Railway Company $CNI

Stonehage Fleming Financial Services Holdings Ltd lifted its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 17.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,019 shares of the transportation company’s stock after purchasing an additional 885 shares during the quarter. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Canadian National Railway were worth $626,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Natural Investments LLC increased its holdings in Canadian National Railway by 10.4% in the 2nd quarter. Natural Investments LLC now owns 5,133 shares of the transportation company’s stock worth $533,000 after buying an additional 485 shares during the period. Louisbourg Investments Inc. increased its holdings in Canadian National Railway by 1.1% in the 2nd quarter. Louisbourg Investments Inc. now owns 292,414 shares of the transportation company’s stock worth $30,412,000 after buying an additional 3,295 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Canadian National Railway in the 2nd quarter worth approximately $166,000. Inspire Investing LLC increased its holdings in Canadian National Railway by 8.7% in the 2nd quarter. Inspire Investing LLC now owns 20,613 shares of the transportation company’s stock worth $2,147,000 after buying an additional 1,642 shares during the period. Finally, Davis Rea LTD. increased its holdings in Canadian National Railway by 6.7% in the 2nd quarter. Davis Rea LTD. now owns 38,212 shares of the transportation company’s stock worth $3,967,000 after buying an additional 2,400 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CNI shares. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Argus upgraded shares of Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Raymond James Financial upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a report on Thursday, July 17th. Wells Fargo & Company cut their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. Finally, Royal Bank Of Canada dropped their price objective 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. 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 one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $114.30.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $94.51 on Friday. The stock has a market capitalization of $58.67 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.13 and a beta of 0.96. Canadian National Railway Company has a 12 month low of $91.07 and a 12 month high of $116.79. The firm’s 50 day simple moving average is $94.54 and its 200-day simple moving average is $98.94. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). The firm had revenue of $3.14 billion for the quarter, compared to analyst estimates of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.Canadian National Railway’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 EPS. Analysts expect that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were paid a $0.6507 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $2.60 dividend on an annualized basis and a yield of 2.8%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s dividend payout ratio is 50.19%.

About Canadian National Railway

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.