Brighton Jones LLC Buys New Holdings in Canadian National Railway Company $CNI

Brighton Jones LLC bought a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 2,266 shares of the transportation company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bennett Selby Investments LP increased its holdings in shares of Canadian National Railway by 2.2% in the second quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company’s stock valued at $499,000 after purchasing an additional 101 shares during the last quarter. Heartland Advisors Inc. increased its holdings in shares of Canadian National Railway by 0.9% in the first quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock valued at $1,198,000 after purchasing an additional 108 shares during the last quarter. IFP Advisors Inc increased its holdings in shares of Canadian National Railway by 3.3% in the second quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock valued at $373,000 after purchasing an additional 115 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Canadian National Railway by 5.3% in the second quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 119 shares during the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Canadian National Railway by 3.4% in the first quarter. Mather Group LLC. now owns 4,351 shares of the transportation company’s stock valued at $424,000 after purchasing an additional 142 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNI has been the topic of several research reports. Wall Street Zen upgraded shares of Canadian National Railway from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. National Bank Financial downgraded shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. Bank of America decreased their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Zacks Research downgraded shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Canadian National Railway has a consensus rating of “Hold” and an average price target of $113.90.

Canadian National Railway Stock Up 2.9%

Shares of CNI opened at $95.98 on Friday. Canadian National Railway Company has a 12 month low of $91.07 and a 12 month high of $114.13. The firm’s 50 day moving average is $95.02 and its 200-day moving average is $98.72. The stock has a market capitalization of $59.38 billion, a PE ratio of 18.46, a P/E/G ratio of 2.13 and a beta of 0.96. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be paid a dividend of $0.8875 per share. The ex-dividend date is Tuesday, December 9th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a yield of 3.7%. Canadian National Railway’s dividend payout ratio is currently 50.19%.

Canadian National Railway Company 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.