Canadian National Railway Company $CNI Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,795,417 shares of the transportation company’s stock after purchasing an additional 246,355 shares during the period. JPMorgan Chase & Co.’s holdings in Canadian National Railway were worth $263,608,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNI. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 124.0% in the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares during the period. Hollencrest Capital Management acquired a new position in shares of Canadian National Railway during the third quarter worth approximately $28,000. Curio Wealth LLC grew its holdings in Canadian National Railway by 31,600.0% in the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after buying an additional 316 shares in the last quarter. First Horizon Corp acquired a new stake in Canadian National Railway in the 3rd quarter valued at approximately $30,000. Finally, Costello Asset Management INC raised its stake in Canadian National Railway by 83.3% during the 3rd quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 150 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup cut their target price on Canadian National Railway from $119.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, February 2nd. Canadian Imperial Bank of Commerce raised shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and upped their price objective for the stock from $146.00 to $151.00 in a report on Friday, November 28th. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Susquehanna boosted their price target on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Finally, Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research note on Friday, November 28th. Ten investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $118.91.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $109.49 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.94. The company’s 50-day moving average price is $100.30 and its two-hundred day moving average price is $96.83. Canadian National Railway Company has a 52 week low of $90.74 and a 52 week high of $109.90. The stock has a market cap of $67.13 billion, a PE ratio of 20.16, a price-to-earnings-growth ratio of 2.27 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.06. Canadian National Railway had a net margin of 27.28% and a return on equity of 22.14%. The company had revenue of $3.24 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same quarter last year, the firm posted $1.82 EPS. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be given a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.3%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.89. The ex-dividend date is Tuesday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.59%.

Canadian National Railway Profile

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.