Nwam LLC Increases Stake in Canadian National Railway Company $CNI

Nwam LLC grew its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 35.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 19,754 shares of the transportation company’s stock after buying an additional 5,165 shares during the period. Nwam LLC’s holdings in Canadian National Railway were worth $2,355,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CNI. FIL Ltd raised its position in shares of Canadian National Railway by 49.5% in the fourth quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock valued at $1,557,309,000 after buying an additional 5,210,403 shares during the last quarter. Caisse de depot et placement du Quebec boosted its position in Canadian National Railway by 1.1% during the third quarter. Caisse de depot et placement du Quebec now owns 13,894,922 shares of the transportation company’s stock worth $1,310,600,000 after acquiring an additional 157,000 shares during the last quarter. Lazard Asset Management LLC boosted its position in Canadian National Railway by 2.0% during the first quarter. Lazard Asset Management LLC now owns 9,077,518 shares of the transportation company’s stock worth $934,488,000 after acquiring an additional 173,894 shares during the last quarter. Deutsche Bank AG grew its stake in Canadian National Railway by 15.1% during the 4th quarter. Deutsche Bank AG now owns 8,998,101 shares of the transportation company’s stock valued at $889,462,000 after acquiring an additional 1,182,106 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in Canadian National Railway by 3.1% during the 4th quarter. Mackenzie Financial Corp now owns 8,894,923 shares of the transportation company’s stock valued at $882,039,000 after acquiring an additional 268,776 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

CNI has been the topic of a number of research reports. Evercore raised shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 target price on the stock in a research note on Thursday, June 25th. Wells Fargo & Company upped their price target on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce increased their price target on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Royal Bank Of Canada increased their price target on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, Benchmark reiterated a “hold” rating on shares of Canadian National Railway in a research report on Monday, July 27th. Nine investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average target price of $137.40.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $120.43 on Wednesday. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $131.55. The stock has a market cap of $72.88 billion, a P/E ratio of 21.35, a PEG ratio of 2.23 and a beta of 0.94. The company has a 50-day moving average price of $125.51 and a 200 day moving average price of $115.91. The company has a current ratio of 0.87, a quick ratio of 0.61 and a debt-to-equity ratio of 0.99.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. The company had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a net margin of 26.92% and a return on equity of 22.22%. Canadian National Railway’s revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.87 EPS. Sell-side analysts anticipate that Canadian National Railway Company will post 5.82 earnings per share for the current year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s payout ratio is presently 47.34%.

About Canadian National Railway

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.