Breed s Hill Capital LLC Makes New Investment in Canadian National Railway (NYSE:CNI)

Breed s Hill Capital LLC acquired a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, Holdings Channel reports. The firm acquired 1,870 shares of the transportation company’s stock, valued at approximately $235,000.

A number of other institutional investors also recently modified their holdings of the stock. Meridian Wealth Advisors LLC acquired a new position in shares of Canadian National Railway during the fourth quarter valued at about $214,000. Cullen Frost Bankers Inc. boosted its holdings in Canadian National Railway by 52.7% in the fourth quarter. Cullen Frost Bankers Inc. now owns 8,332 shares of the transportation company’s stock worth $1,047,000 after acquiring an additional 2,877 shares in the last quarter. Lincoln National Corp lifted its holdings in shares of Canadian National Railway by 66.3% in the 4th quarter. Lincoln National Corp now owns 3,783 shares of the transportation company’s stock worth $475,000 after purchasing an additional 1,508 shares in the last quarter. Spire Wealth Management increased its position in shares of Canadian National Railway by 7.2% during the fourth quarter. Spire Wealth Management now owns 4,932 shares of the transportation company’s stock worth $622,000 after acquiring an additional 330 shares in the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Canadian National Railway by 8.7% in the 4th quarter. Metis Global Partners LLC now owns 24,401 shares of the transportation company’s stock worth $3,067,000 after acquiring an additional 1,952 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on CNI shares. StockNews.com raised Canadian National Railway from a “hold” rating to a “buy” rating in a report on Thursday, May 2nd. Jefferies Financial Group started coverage on Canadian National Railway in a research report on Monday, April 8th. They issued a “hold” rating and a $130.00 price target for the company. Susquehanna upped their target price on shares of Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Citigroup raised their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. Finally, Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Seventeen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $149.05.

Canadian National Railway Stock Performance

CNI stock traded up $1.40 during midday trading on Thursday, reaching $127.25. 1,066,992 shares of the company’s stock traded hands, compared to its average volume of 1,014,825. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The company has a 50-day moving average price of $128.42 and a two-hundred day moving average price of $123.34. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. The firm has a market capitalization of $81.27 billion, a PE ratio of 20.30, a price-to-earnings-growth ratio of 2.21 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s payout ratio is presently 39.71%.

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.