Mediolanum International Funds Ltd Has $3.76 Million Holdings in Canadian National Railway Company $CNI

Mediolanum International Funds Ltd lessened its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 26.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,262 shares of the transportation company’s stock after selling 13,208 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Canadian National Railway were worth $3,761,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Founders Capital Management LLC acquired a new stake in shares of Canadian National Railway during the second quarter worth $3,335,000. TD Asset Management Inc boosted its holdings in Canadian National Railway by 2.3% during the second quarter. TD Asset Management Inc now owns 12,072,540 shares of the transportation company’s stock worth $1,255,385,000 after buying an additional 273,974 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Canadian National Railway by 39.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after buying an additional 755,518 shares during the period. Cardinal Capital Management Inc. increased its stake in shares of Canadian National Railway by 3.1% in the 2nd quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock valued at $76,178,000 after acquiring an additional 22,035 shares during the last quarter. Finally, Logan Capital Management Inc. raised its position in shares of Canadian National Railway by 50.7% in the 1st quarter. Logan Capital Management Inc. now owns 26,486 shares of the transportation company’s stock valued at $2,581,000 after acquiring an additional 8,916 shares during the period. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Up 1.0%

Shares of NYSE:CNI opened at $92.94 on Friday. The firm has a market cap of $57.30 billion, a price-to-earnings ratio of 17.87, a PEG ratio of 2.13 and a beta of 0.95. Canadian National Railway Company has a 12 month low of $91.07 and a 12 month high of $112.97. The company’s fifty day simple moving average is $94.86 and its 200 day simple moving average is $98.42. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The firm had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $4.15 billion. During the same quarter in the prior year, the company earned $1.72 EPS. The company’s revenue was up 1.3% on a year-over-year basis. As a group, research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be given a $0.8875 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $3.55 dividend on an annualized basis and a yield of 3.8%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s payout ratio is 48.01%.

Analyst Ratings Changes

CNI has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on shares of Canadian National Railway from $98.00 to $103.00 and gave the company an “in-line” rating in a report on Monday, November 3rd. Susquehanna boosted their price target on shares of Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a report on Monday, November 3rd. Royal Bank Of Canada upped their price objective on shares of Canadian National Railway from $148.00 to $158.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Barclays dropped their price objective on Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Finally, Wall Street Zen raised Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and an average price target of $114.00.

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.