Strong Tower Advisory Services Acquires 854 Shares of Canadian National Railway Company $CNI

Strong Tower Advisory Services lifted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 29,396 shares of the transportation company’s stock after buying an additional 854 shares during the period. Strong Tower Advisory Services’ holdings in Canadian National Railway were worth $3,058,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Dagco Inc. bought a new stake in shares of Canadian National Railway in the 1st quarter worth about $32,000. CX Institutional bought a new stake in shares of Canadian National Railway in the 1st quarter worth about $39,000. Brooklyn Investment Group increased its holdings 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 worth $42,000 after buying an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 171 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

Shares of CNI opened at $94.51 on Friday. The company has a 50 day moving average price of $94.54 and a 200-day moving average price of $98.95. Canadian National Railway Company has a fifty-two week low of $91.07 and a fifty-two week high of $116.79. The stock has a market capitalization of $58.67 billion, a PE ratio of 18.18, a PEG ratio of 2.15 and a beta of 0.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same period in the previous year, the company posted $1.84 EPS. Canadian National Railway’s revenue for the quarter was down 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 company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were paid a dividend of $0.6507 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date was Monday, September 8th. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is presently 50.19%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CNI shares. Royal Bank Of Canada cut their price target on shares of Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Wall Street Zen downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Saturday, October 4th. Barclays lowered their price objective on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, October 2nd. Bank of America lowered their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research report on Monday, September 29th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $114.30.

Canadian National Railway 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.