Canadian National Railway Company $CNI Shares Bought by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 25.9% during the 2nd quarter, Holdings Channel.com reports. The fund owned 4,046 shares of the transportation company’s stock after buying an additional 833 shares during the period. Arkadios Wealth Advisors’ holdings in Canadian National Railway were worth $421,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CNI. Dagco Inc. acquired a new stake in shares of Canadian National Railway during the 1st quarter worth about $32,000. Curio Wealth LLC raised its holdings in Canadian National Railway by 31,600.0% during the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after purchasing an additional 316 shares in the last quarter. Brooklyn Investment Group raised its holdings in Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after purchasing an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its stake 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 worth $58,000 after acquiring an additional 167 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in Canadian National Railway by 31.3% during the 1st quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after acquiring an additional 171 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI stock opened at $95.71 on Wednesday. The stock has a market capitalization of $59.22 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. Canadian National Railway Company has a 52-week low of $91.07 and a 52-week high of $114.13. The stock’s 50-day moving average price is $95.01 and its 200 day moving average price is $98.67. 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, beating analysts’ consensus estimates of $1.28 by $0.05. The business had revenue of $2.99 billion for the quarter, compared to analyst estimates of $4.15 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.72 earnings per share. As a group, equities research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be paid a $0.8875 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $3.55 annualized dividend and a yield of 3.7%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s dividend payout ratio is presently 48.96%.

Analyst Ratings Changes

Several equities research analysts recently commented on CNI shares. Susquehanna lifted their price target on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research note on Monday. National Bank Financial cut Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Finally, Zacks Research lowered Canadian National Railway from a “hold” rating to a “strong sell” rating in a research report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $114.00.

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.