Canadian National Railway (NYSE:CNI) Shares Acquired by First Hawaiian Bank

First Hawaiian Bank lifted its holdings in shares of Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) by 27.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,906 shares of the transportation company’s stock after purchasing an additional 621 shares during the quarter. First Hawaiian Bank’s holdings in Canadian National Railway were worth $389,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Guyasuta Investment Advisors Inc. increased its stake in shares of Canadian National Railway by 3.0% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 2,925 shares of the transportation company’s stock worth $359,000 after buying an additional 85 shares during the period. YorkBridge Wealth Partners LLC increased its stake in shares of Canadian National Railway by 2.6% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 3,441 shares of the transportation company’s stock worth $423,000 after buying an additional 87 shares during the period. Evergreen Capital Management LLC increased its stake in shares of Canadian National Railway by 4.2% during the fourth quarter. Evergreen Capital Management LLC now owns 2,513 shares of the transportation company’s stock worth $309,000 after buying an additional 102 shares during the period. Glassman Wealth Services increased its stake in shares of Canadian National Railway by 8.0% during the fourth quarter. Glassman Wealth Services now owns 1,447 shares of the transportation company’s stock worth $178,000 after buying an additional 107 shares during the period. Finally, Stonehage Fleming Financial Services Holdings Ltd increased its stake in shares of Canadian National Railway by 2.3% during the fourth quarter. Stonehage Fleming Financial Services Holdings Ltd now owns 5,250 shares of the transportation company’s stock worth $639,000 after buying an additional 120 shares during the period. 70.92% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have commented on CNI. Raymond James lowered shares of Canadian National Railway from an “outperform” rating to a “market perform” rating in a research note on Friday, April 22nd. BMO Capital Markets upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating and set a $170.00 price target on the stock in a research note on Wednesday, May 18th. National Bank Financial dropped their price target on shares of Canadian National Railway from C$172.00 to C$168.00 in a research note on Friday, April 8th. Desjardins dropped their price target on shares of Canadian National Railway from C$173.00 to C$172.00 in a research note on Thursday, April 28th. Finally, StockNews.com began coverage on shares of Canadian National Railway in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Fifteen research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $146.95.

Canadian National Railway stock opened at $109.50 on Friday. Canadian National Railway has a one year low of $100.66 and a one year high of $137.19. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 0.84. The business has a fifty day moving average of $115.33 and a two-hundred day moving average of $121.75. The company has a market cap of $75.52 billion, a P/E ratio of 20.13, a price-to-earnings-growth ratio of 1.85 and a beta of 0.86.

Canadian National Railway (NYSE:CNIGet Rating) (TSE:CNR) last released its earnings results on Tuesday, April 26th. The transportation company reported $1.04 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.04). Canadian National Railway had a net margin of 33.00% and a return on equity of 19.71%. The business had revenue of $3.71 billion during the quarter, compared to analyst estimates of $3.67 billion. During the same period last year, the business posted $0.97 EPS. Canadian National Railway’s revenue was up 4.9% compared to the same quarter last year. Sell-side analysts predict that Canadian National Railway will post 5.58 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Thursday, June 9th will be issued a $0.586 dividend. The ex-dividend date is Wednesday, June 8th. This represents a $2.34 dividend on an annualized basis and a yield of 2.14%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is 42.65%.

Canadian National Railway Profile (Get Rating)

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. The company's portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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