Foundations Investment Advisors LLC Has $716,000 Stake in Canadian National Railway Company $CNI

Foundations Investment Advisors LLC lifted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 71.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,886 shares of the transportation company’s stock after purchasing an additional 2,876 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Canadian National Railway were worth $716,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after purchasing an additional 150 shares in the last quarter. Curio Wealth LLC lifted its holdings in Canadian National Railway by 31,600.0% during 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. Dagco Inc. bought a new position in Canadian National Railway in the 1st quarter valued at $32,000. Brooklyn Investment Group increased its stake in shares of Canadian National Railway by 354.3% in the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after buying an additional 333 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its stake in shares of Canadian National Railway by 42.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after buying an additional 167 shares during the period. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CNI shares. Evercore ISI upped their target price on shares of Canadian National Railway from $98.00 to $103.00 and gave the company an “in-line” rating in a research report on Monday, November 3rd. Wall Street Zen raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Bank of America lowered their target price on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a report on Monday, September 29th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. Finally, Barclays decreased their price objective on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $114.00.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock opened at $93.95 on Wednesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The firm has a market cap of $57.92 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 2.13 and a beta of 0.95. The stock’s 50-day moving average is $94.88 and its 200-day moving average is $98.54. Canadian National Railway Company has a one year low of $91.07 and a one year high of $112.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. During the same quarter in the previous year, the firm posted $1.72 earnings per share. The firm’s revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts predict 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 announced a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.8875 per share. The ex-dividend date is Tuesday, December 9th. This represents a $3.55 annualized dividend and a dividend yield of 3.8%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s dividend payout ratio is presently 48.01%.

About Canadian National Railway

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.