Douglass Winthrop Advisors LLC Purchases 7,828 Shares of Canadian National Railway Company $CNI

Douglass Winthrop Advisors LLC raised its position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.7% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,085,209 shares of the transportation company’s stock after purchasing an additional 7,828 shares during the period. Canadian National Railway accounts for 1.8% of Douglass Winthrop Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Douglass Winthrop Advisors LLC’s holdings in Canadian National Railway were worth $102,335,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of CNI. AQR Capital Management LLC purchased a new position in shares of Canadian National Railway during the 1st quarter valued at $311,000. Focus Partners Wealth raised its holdings in Canadian National Railway by 11.1% during the first quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after acquiring an additional 1,146 shares during the period. Schnieders Capital Management LLC. purchased a new position in shares of Canadian National Railway in the second quarter valued at about $202,000. Savant Capital LLC lifted its position in shares of Canadian National Railway by 24.5% in the second quarter. Savant Capital LLC now owns 10,580 shares of the transportation company’s stock valued at $1,101,000 after acquiring an additional 2,085 shares in the last quarter. Finally, Midwest Trust Co bought a new position in shares of Canadian National Railway in the second quarter worth about $229,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Performance

NYSE:CNI opened at $106.18 on Thursday. The company has a market cap of $65.10 billion, a price-to-earnings ratio of 19.55, a PEG ratio of 2.21 and a beta of 0.90. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $113.08. The stock’s 50 day simple moving average is $103.44 and its two-hundred day simple moving average is $98.42. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.67 and a quick ratio of 0.47.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Friday, January 30th. The transportation company reported $1.49 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.24 billion during the quarter, compared to analyst estimates of $4.43 billion. During the same period last year, the firm posted $1.82 earnings per share. Canadian National Railway’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 10th will be paid a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio is 49.36%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Barclays cut their target price on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce raised shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and increased their price objective for the company from $146.00 to $151.00 in a report on Friday, November 28th. UBS Group cut shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Vertical Research upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating in a research report on Monday, January 5th. Finally, Stephens cut their target price on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a research note on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $118.91.

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.