D Orazio & Associates Inc. Buys New Position in Canadian National Railway Company $CNI

D Orazio & Associates Inc. purchased a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,959 shares of the transportation company’s stock, valued at approximately $204,000.

A number of other institutional investors have also modified their holdings of the company. Bennett Selby Investments LP boosted its position in Canadian National Railway by 2.2% during the second quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company’s stock worth $499,000 after acquiring an additional 101 shares during the last quarter. Heartland Advisors Inc. raised its holdings in Canadian National Railway by 0.9% in the 1st quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock valued at $1,198,000 after acquiring an additional 108 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of Canadian National Railway by 13.4% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 929 shares of the transportation company’s stock worth $97,000 after purchasing an additional 110 shares during the period. IFP Advisors Inc boosted its holdings in shares of Canadian National Railway by 3.3% during the second quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock worth $373,000 after purchasing an additional 115 shares during the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of Canadian National Railway by 5.3% during the second quarter. D.A. Davidson & CO. now owns 2,374 shares of the transportation company’s stock worth $247,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CNI shares. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a research note on Wednesday, July 23rd. National Bank Financial lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a report on Wednesday, July 23rd. Evercore ISI raised their target price on shares of Canadian National Railway from $98.00 to $103.00 and gave the stock an “in-line” rating in a research report on Monday, November 3rd. Finally, Zacks Research downgraded shares of Canadian National Railway from a “hold” rating to a “strong sell” rating in a report on Thursday, October 23rd. One equities research 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $114.00.

Canadian National Railway Stock Down 1.3%

Shares of NYSE:CNI opened at $96.58 on Friday. The stock has a 50-day simple moving average of $94.88 and a 200-day simple moving average of $98.57. The stock has a market capitalization of $59.54 billion, a P/E ratio of 18.57, a PEG ratio of 2.13 and a beta of 0.95. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $112.97. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82.

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

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be given a dividend of $0.8875 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $3.55 dividend on an annualized basis and a yield of 3.7%. Canadian National Railway’s dividend payout ratio is currently 48.01%.

About Canadian National Railway

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.