Markel Group Inc. Has $5.50 Million Stock Holdings in Canadian National Railway Company $CNI

Markel Group Inc. lifted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 20.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 53,500 shares of the transportation company’s stock after acquiring an additional 9,000 shares during the period. Markel Group Inc.’s holdings in Canadian National Railway were worth $5,498,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. High Point Wealth Management LLC acquired a new stake in Canadian National Railway during the fourth quarter valued at approximately $27,000. MidFirst Bank acquired a new position in shares of Canadian National Railway in the 4th quarter worth approximately $31,000. Curio Wealth LLC bought a new position in shares of Canadian National Railway during the 4th quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after buying an additional 280 shares during the period. Finally, MBM Wealth Consultants LLC acquired a new stake in Canadian National Railway in the 1st quarter valued at $37,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

NYSE CNI traded up $0.12 during trading hours on Friday, reaching $124.46. 1,332,513 shares of the company’s stock were exchanged, compared to its average volume of 1,369,770. The firm has a fifty day moving average of $116.99 and a 200-day moving average of $108.65. Canadian National Railway Company has a one year low of $90.74 and a one year high of $125.26. The stock has a market cap of $75.51 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 2.34 and a beta of 0.96. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 EPS. On average, equities research analysts predict that Canadian National Railway Company will post 5.72 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th were issued a $0.915 dividend. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 9th. Canadian National Railway’s payout ratio is currently 48.55%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Stephens upgraded Canadian National Railway to a “hold” rating in a research report on Wednesday. Weiss Ratings cut Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Barclays boosted their target price on shares of Canadian National Railway from $99.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Bank of America upped their target price on shares of Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Royal Bank Of Canada increased their target price on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Ten equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of $129.94.

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.