Canadian National Railway Company $CNI Shares Bought by Cumberland Partners Ltd

Cumberland Partners Ltd raised its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,438 shares of the transportation company’s stock after buying an additional 684 shares during the period. Cumberland Partners Ltd’s holdings in Canadian National Railway were worth $10,878,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Addison Advisors LLC increased its stake in shares of Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares in the last quarter. Dagco Inc. acquired a new position in shares of Canadian National Railway during the 1st quarter worth approximately $32,000. Curio Wealth LLC raised its stake in shares of Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock worth $33,000 after buying an additional 316 shares during the period. Brooklyn Investment Group lifted its position in shares of Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after buying an additional 333 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in Canadian National Railway by 42.7% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 167 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $93.54 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The stock has a market cap of $57.67 billion, a P/E ratio of 17.99, a PEG ratio of 2.13 and a beta of 0.95. The company has a 50-day moving average price of $94.90 and a 200 day moving average price of $98.50. Canadian National Railway Company has a 12-month low of $91.07 and a 12-month high of $112.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.05. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.72 EPS. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.8875 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 48.01%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CNI shares. Zacks Research cut shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 23rd. Citigroup raised their target price on Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Susquehanna lifted their price target on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research note on Monday, November 3rd. Bank of America decreased their price objective on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Barclays dropped their target price on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating for the company in a report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $114.00.

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.