Advisor Partners LLC raised its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,276 shares of the transportation company’s stock after buying an additional 278 shares during the quarter. Advisor Partners LLC’s holdings in Canadian National Railway were worth $317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in CNI. BlackRock Inc. lifted its stake in shares of Canadian National Railway by 112.7% during the 2nd quarter. BlackRock Inc. now owns 205,306 shares of the transportation company’s stock worth $16,784,000 after buying an additional 108,761 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Canadian National Railway by 3.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 344,111 shares of the transportation company’s stock worth $28,131,000 after buying an additional 11,218 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Canadian National Railway by 62.6% during the 2nd quarter. Advisors Asset Management Inc. now owns 24,454 shares of the transportation company’s stock worth $1,999,000 after buying an additional 9,414 shares during the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in shares of Canadian National Railway during the 3rd quarter worth about $319,000. Finally, Iberiabank Corp acquired a new stake in shares of Canadian National Railway during the 3rd quarter worth about $316,000. 54.29% of the stock is owned by institutional investors and hedge funds.

CNI stock opened at $83.30 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 0.72. Canadian National Railway has a 12 month low of $70.36 and a 12 month high of $91.90. The stock has a market capitalization of $60.58 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.69 and a beta of 1.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, January 29th. The transportation company reported $1.49 EPS for the quarter, beating the consensus estimate of $1.11 by $0.38. Canadian National Railway had a net margin of 30.19% and a return on equity of 23.39%. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.80 billion. During the same period last year, the firm earned $1.20 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. Equities research analysts forecast that Canadian National Railway will post 4.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be issued a $0.4026 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.35. This represents a $1.61 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, March 7th. Canadian National Railway’s dividend payout ratio (DPR) is currently 32.93%.

A number of analysts have recently issued reports on CNI shares. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating in a research note on Thursday, October 18th. Raymond James reaffirmed a “buy” rating on shares of Canadian National Railway in a research report on Tuesday, December 11th. BMO Capital Markets reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Sunday, December 16th. Zacks Investment Research lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. Finally, Credit Suisse Group raised shares of Canadian National Railway from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $90.00 to $95.00 in a research report on Tuesday, January 15th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Canadian National Railway has a consensus rating of “Hold” and an average price target of $92.16.

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About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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

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