1,826 Shares in Canadian National Railway (NYSE:CNI) Acquired by Brighton Jones LLC

Brighton Jones LLC bought a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,826 shares of the transportation company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Mission Wealth Management LP acquired a new stake in Canadian National Railway in the 4th quarter worth approximately $1,187,000. Van ECK Associates Corp lifted its holdings in Canadian National Railway by 3.3% in the 4th quarter. Van ECK Associates Corp now owns 151,874 shares of the transportation company’s stock worth $19,100,000 after purchasing an additional 4,789 shares during the last quarter. Mather Group LLC. lifted its holdings in Canadian National Railway by 108.8% in the 4th quarter. Mather Group LLC. now owns 4,351 shares of the transportation company’s stock worth $547,000 after purchasing an additional 2,267 shares during the last quarter. Motley Fool Wealth Management LLC lifted its holdings in Canadian National Railway by 19.3% in the 4th quarter. Motley Fool Wealth Management LLC now owns 91,541 shares of the transportation company’s stock worth $11,497,000 after purchasing an additional 14,781 shares during the last quarter. Finally, K.J. Harrison & Partners Inc bought a new position in Canadian National Railway in the 4th quarter worth approximately $1,008,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $123.54 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. The stock has a fifty day moving average price of $128.89 and a two-hundred day moving average price of $122.72. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02. The firm has a market capitalization of $78.90 billion, a P/E ratio of 19.70, a P/E/G ratio of 2.14 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $0.625 per share. The ex-dividend date is Friday, June 7th. This represents a $2.50 annualized dividend and a yield of 2.02%. Canadian National Railway’s dividend payout ratio is currently 40.03%.

Wall Street Analysts Forecast Growth

CNI has been the subject of a number of research analyst reports. Wells Fargo & Company upped their price target on Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a report on Wednesday, January 24th. Jefferies Financial Group initiated coverage on Canadian National Railway in a report on Monday, April 8th. They set a “hold” rating and a $130.00 price target for the company. Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. StockNews.com upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Stephens reiterated an “equal weight” rating and set a $140.00 price target on shares of Canadian National Railway in a report on Wednesday, April 24th. Seventeen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $149.05.

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.