Canadian National Railway (NYSE:CNI) Shares Bought by Kwmg LLC

Kwmg LLC grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 46,803 shares of the transportation company’s stock after buying an additional 2,224 shares during the quarter. Kwmg LLC’s holdings in Canadian National Railway were worth $5,666,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Wellington Management Group LLP lifted its holdings in shares of Canadian National Railway by 0.9% in the 1st quarter. Wellington Management Group LLP now owns 20,375,062 shares of the transportation company’s stock valued at $2,400,975,000 after buying an additional 188,460 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Canadian National Railway by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 20,007,681 shares of the transportation company’s stock valued at $2,683,831,000 after buying an additional 554,280 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its holdings in shares of Canadian National Railway by 5.3% in the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 12,333,700 shares of the transportation company’s stock valued at $1,655,948,000 after buying an additional 625,000 shares during the period. Jarislowsky Fraser Ltd lifted its holdings in shares of Canadian National Railway by 0.7% in the 1st quarter. Jarislowsky Fraser Ltd now owns 9,556,511 shares of the transportation company’s stock valued at $1,126,080,000 after buying an additional 70,386 shares during the period. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Canadian National Railway by 0.9% in the 1st quarter. 1832 Asset Management L.P. now owns 8,513,991 shares of the transportation company’s stock valued at $1,004,396,000 after buying an additional 75,087 shares during the period. 67.60% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNI. Argus cut Canadian National Railway from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Citigroup reduced their price objective on Canadian National Railway from $125.00 to $122.00 in a report on Tuesday, July 11th. Stephens reduced their price objective on Canadian National Railway from $124.00 to $122.00 in a report on Wednesday, July 26th. Barclays reduced their price objective on Canadian National Railway from $122.00 to $119.00 in a report on Wednesday, July 26th. Finally, Desjardins reduced their price objective on Canadian National Railway from C$184.00 to C$181.00 in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Canadian National Railway has an average rating of “Hold” and an average target price of $145.71.

Canadian National Railway Trading Up 0.8 %

Shares of NYSE:CNI traded up $0.94 during midday trading on Friday, reaching $116.40. The company’s stock had a trading volume of 1,635,338 shares, compared to its average volume of 1,055,594. The firm has a market cap of $76.08 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 3.12 and a beta of 0.91. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 0.78. Canadian National Railway has a 1 year low of $103.79 and a 1 year high of $129.89. The business has a 50 day moving average price of $115.12 and a 200 day moving average price of $116.92.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 25th. The transportation company reported $1.31 EPS for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.06). The business had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.13 billion. Canadian National Railway had a net margin of 30.21% and a return on equity of 24.62%. Research analysts forecast that Canadian National Railway will post 5.57 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.5996 dividend. The ex-dividend date is Thursday, September 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.06%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s payout ratio is currently 39.73%.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.