Charles Schwab Investment Management Inc. Buys 64,919 Shares of Canadian National Railway Company $CNI

Charles Schwab Investment Management Inc. boosted its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,527,359 shares of the transportation company’s stock after buying an additional 64,919 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Canadian National Railway were worth $158,841,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CNI. Kingstone Capital Partners Texas LLC bought a new position in shares of Canadian National Railway in the second quarter worth about $310,489,000. The Manufacturers Life Insurance Company raised its stake in Canadian National Railway by 37.3% during the 1st quarter. The Manufacturers Life Insurance Company now owns 5,296,701 shares of the transportation company’s stock worth $518,260,000 after acquiring an additional 1,439,617 shares during the period. Nuveen LLC purchased a new position in Canadian National Railway during the first quarter valued at approximately $112,216,000. Price T Rowe Associates Inc. MD lifted its holdings in Canadian National Railway by 20.9% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,638,443 shares of the transportation company’s stock valued at $646,983,000 after purchasing an additional 1,148,569 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Canadian National Railway by 31.9% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,220,150 shares of the transportation company’s stock worth $440,008,000 after purchasing an additional 1,019,914 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CNI shares. Barclays lowered their target price on shares of Canadian National Railway from $99.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 2nd. Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday, October 8th. Susquehanna upped their price objective 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. Wells Fargo & Company cut their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a research report on Monday, October 6th. Finally, Bank of America decreased their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $114.00.

Canadian National Railway Price Performance

NYSE CNI opened at $94.06 on Thursday. The firm’s 50 day moving average price is $94.70 and its 200-day moving average price is $98.25. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $112.06. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The company has a market cap of $57.99 billion, a PE ratio of 18.09, a P/E/G ratio of 2.13 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The firm had revenue of $2.99 billion during 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 business’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.72 EPS. Sell-side analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current fiscal 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 given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a dividend yield of 3.8%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date is Tuesday, December 9th. Canadian National Railway’s payout ratio is currently 48.01%.

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.