Canadian National Railway Company $CNI Position Increased by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. grew its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,372 shares of the transportation company’s stock after buying an additional 1,127 shares during the quarter. Canadian National Railway makes up approximately 1.6% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 23rd largest position. Patrick Mauro Investment Advisor INC.’s holdings in Canadian National Railway were worth $2,900,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 150 shares in the last quarter. Dagco Inc. purchased a new position in Canadian National Railway during the 1st quarter worth approximately $32,000. Curio Wealth LLC raised its stake in Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 316 shares during the period. Brooklyn Investment Group lifted its holdings in shares of Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 333 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 167 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CNI shares. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a report on Saturday, October 18th. Bank of America lowered their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Barclays dropped their target price on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a report on Thursday, October 2nd. Citigroup raised their price target on shares of Canadian National Railway from $119.00 to $120.00 and gave the stock a “buy” rating in a report on Monday, November 3rd. Finally, Susquehanna boosted their price objective on shares of Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $114.00.

Canadian National Railway Stock Performance

Shares of CNI opened at $92.94 on Friday. The firm has a market cap of $57.30 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 2.13 and a beta of 0.95. The company’s fifty day moving average is $94.86 and its 200-day moving average is $98.42. 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 Company has a 12 month low of $91.07 and a 12 month high of $112.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. Canadian National Railway’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.72 earnings per share. Equities analysts expect that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be paid a $0.8875 dividend. The ex-dividend date is Tuesday, December 9th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.8%. Canadian National Railway’s dividend payout ratio is presently 48.01%.

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.