1,795 Shares in Canadian National Railway (NYSE:CNI) Bought by NTV Asset Management LLC

NTV Asset Management LLC acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,795 shares of the transportation company’s stock, valued at approximately $226,000.

A number of other large investors have also recently bought and sold shares of CNI. JFS Wealth Advisors LLC boosted its position in shares of Canadian National Railway by 241.1% during the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after acquiring an additional 229 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock worth $40,000 after buying an additional 202 shares during the last quarter. Keener Financial Planning LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at about $46,000. Rational Advisors LLC bought a new position in Canadian National Railway in the third quarter valued at about $41,000. Finally, Crewe Advisors LLC acquired a new position in Canadian National Railway during the third quarter worth about $43,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 1.3 %

CNI traded up $1.58 during trading on Friday, reaching $123.54. 795,232 shares of the stock traded hands, compared to its average volume of 1,073,122. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The stock’s 50-day moving average is $128.73 and its 200 day moving average is $123.04. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The stock has a market capitalization of $78.90 billion, a PE ratio of 19.70, a P/E/G ratio of 2.17 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors 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%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CNI shares. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Stephens restated an “equal weight” rating and set a $140.00 price objective on shares of Canadian National Railway in a research report on Wednesday, April 24th. Citigroup upped their target price on Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a report on Wednesday, January 24th. Finally, Susquehanna Bancshares lifted their price target on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research note on Monday, January 8th. Seventeen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and a consensus price target of $149.05.

About Canadian National Railway

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.