Outlook Wealth Advisors LLC Raises Holdings in Canadian National Railway (NYSE:CNI)

Outlook Wealth Advisors LLC grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 28.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,107 shares of the transportation company’s stock after buying an additional 461 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in Canadian National Railway were worth $278,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James & Associates grew its holdings in Canadian National Railway by 6.4% during the 1st quarter. Raymond James & Associates now owns 248,409 shares of the transportation company’s stock worth $32,718,000 after acquiring an additional 14,956 shares in the last quarter. Waycross Investment Management Co grew its stake in shares of Canadian National Railway by 18.4% during the first quarter. Waycross Investment Management Co now owns 6,317 shares of the transportation company’s stock worth $832,000 after purchasing an additional 981 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Canadian National Railway by 52.6% in the first quarter. Maryland State Retirement & Pension System now owns 30,442 shares of the transportation company’s stock valued at $3,836,000 after buying an additional 10,496 shares during the last quarter. Marshall Financial Group LLC raised its stake in Canadian National Railway by 8.2% in the first quarter. Marshall Financial Group LLC now owns 8,097 shares of the transportation company’s stock valued at $1,066,000 after buying an additional 611 shares in the last quarter. Finally, New Century Financial Group LLC lifted its holdings in Canadian National Railway by 8.6% during the 1st quarter. New Century Financial Group LLC now owns 6,340 shares of the transportation company’s stock worth $835,000 after buying an additional 500 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

CNI traded up $0.45 on Friday, hitting $125.23. 847,446 shares of the company traded hands, compared to its average volume of 1,025,080. The company has a 50 day moving average of $129.49 and a 200-day moving average of $122.34. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The stock has a market capitalization of $79.98 billion, a PE ratio of 19.97, a PEG ratio of 2.18 and a beta of 0.88. The company has a quick ratio of 0.47, a current ratio of 0.60 and a debt-to-equity ratio of 0.84.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.02. The firm had revenue of $3.28 billion during the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Sell-side analysts anticipate that Canadian National Railway will post 5.92 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.00%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.03%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Susquehanna raised their target price on Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday. CIBC cut shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the company from $140.00 to $145.00 in a report on Wednesday, April 10th. Citigroup lifted their price target on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Finally, Stifel Nicolaus boosted their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a research report on Friday, April 12th. Eighteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $149.05.

Canadian National Railway Company Profile

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.