Verity & Verity LLC Grows Stock Holdings in Canadian National Railway Company $CNI

Verity & Verity LLC grew its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 5.9% during the fourth quarter, HoldingsChannel reports. The firm owned 164,417 shares of the transportation company’s stock after acquiring an additional 9,148 shares during the period. Verity & Verity LLC’s holdings in Canadian National Railway were worth $16,253,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Roberts Glore & Co. Inc. IL lifted its stake in Canadian National Railway by 1.5% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after purchasing an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Canadian National Railway by 10.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock worth $116,000 after purchasing an additional 113 shares in the last quarter. Patten Group Inc. lifted its stake in Canadian National Railway by 1.4% in the 4th quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after purchasing an additional 114 shares in the last quarter. ICW Investment Advisors LLC lifted its stake in Canadian National Railway by 0.7% in the 3rd quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock worth $1,558,000 after purchasing an additional 120 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its stake in Canadian National Railway by 2.1% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,109 shares of the transportation company’s stock worth $604,000 after purchasing an additional 123 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 0.2%

Canadian National Railway stock opened at $118.54 on Friday. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $119.87. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a 50 day moving average price of $109.59 and a 200 day moving average price of $103.80. The company has a market capitalization of $72.04 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter last year, the firm earned $1.85 EPS. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Research analysts expect that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.1%. The ex-dividend date is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is 48.73%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CNI. BMO Capital Markets reissued an “outperform” rating on shares of Canadian National Railway in a research note on Monday, February 2nd. Royal Bank Of Canada raised their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Sanford C. Bernstein raised their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a report on Tuesday, March 31st. Stephens cut their price target on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Finally, UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $122.04.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.