NewEdge Advisors LLC Has $584,000 Stock Position in Canadian National Railway Company $CNI

NewEdge Advisors LLC lowered its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 42.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,687 shares of the transportation company’s stock after selling 4,179 shares during the quarter. NewEdge Advisors LLC’s holdings in Canadian National Railway were worth $584,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

CNI has been the topic of a number of research reports. National Bank Financial set a $124.00 price target on Canadian National Railway in a report on Thursday, June 25th. Susquehanna reiterated a “neutral” rating and set a $140.00 price objective (up from $138.00) on shares of Canadian National Railway in a report on Tuesday, July 14th. Wells Fargo & Company lifted their target price on Canadian National Railway from $135.00 to $145.00 and gave the company an “overweight” rating in a research report on Monday, July 27th. Royal Bank Of Canada boosted their target price on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, Citigroup upped their price target on Canadian National Railway from $124.00 to $141.00 and gave the stock a “buy” rating in a research report on Thursday, July 9th. Nine investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $137.40.

Canadian National Railway Trading Up 0.6%

Canadian National Railway stock opened at $128.38 on Friday. The company has a market cap of $77.69 billion, a price-to-earnings ratio of 22.76, a P/E/G ratio of 2.38 and a beta of 0.95. The firm has a 50-day moving average of $123.80 and a 200-day moving average of $114.49. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.87 and a quick ratio of 0.61. Canadian National Railway Company has a one year low of $90.74 and a one year high of $131.55.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.11. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The firm had revenue of $3.35 billion during the quarter, compared to the consensus estimate of $3.26 billion. During the same period last year, the company earned $1.87 earnings per share. The business’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts expect that Canadian National Railway Company will post 5.81 earnings per share for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 8th will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Tuesday, September 8th. Canadian National Railway’s dividend payout ratio is 47.34%.

Canadian National Railway Company 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.