Brighton Jones LLC Invests $229,000 in Canadian National Railway (NYSE:CNI)

Brighton Jones LLC bought a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,826 shares of the transportation company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Mission Wealth Management LP bought a new position in shares of Canadian National Railway during the 4th quarter worth approximately $1,187,000. Van ECK Associates Corp boosted its stake in shares of Canadian National Railway by 3.3% during the 4th quarter. Van ECK Associates Corp now owns 151,874 shares of the transportation company’s stock worth $19,100,000 after acquiring an additional 4,789 shares during the period. Mather Group LLC. boosted its stake in Canadian National Railway by 108.8% in the 4th quarter. Mather Group LLC. now owns 4,351 shares of the transportation company’s stock valued at $547,000 after purchasing an additional 2,267 shares during the period. Motley Fool Wealth Management LLC boosted its stake in Canadian National Railway by 19.3% in the 4th quarter. Motley Fool Wealth Management LLC now owns 91,541 shares of the transportation company’s stock valued at $11,497,000 after purchasing an additional 14,781 shares during the period. Finally, K.J. Harrison & Partners Inc bought a new stake in Canadian National Railway in the 4th quarter valued at $1,008,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $123.54 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. Canadian National Railway has a 52 week low of $103.96 and a 52 week high of $134.02. The stock has a market capitalization of $78.90 billion, a P/E ratio of 19.70, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. The stock has a fifty day moving average of $128.89 and a 200-day moving average of $122.72.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.625 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.02%. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.03%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the company from $140.00 to $145.00 in a research note on Wednesday, April 10th. Citigroup boosted their price target on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research note on Wednesday, January 24th. Stephens restated an “equal weight” rating and issued a $140.00 price target on shares of Canadian National Railway in a research note on Wednesday, April 24th. Susquehanna Bancshares boosted their price target on Canadian National Railway from $115.00 to $143.00 and gave the company a “neutral” rating in a research note on Monday, January 8th. Finally, Wells Fargo & Company boosted their price target on Canadian National Railway from $110.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 24th. Seventeen research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently 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.