Kathmere Capital Management LLC Has $1.92 Million Holdings in Canadian National Railway Company $CNI

Kathmere Capital Management LLC boosted its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 37.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,711 shares of the transportation company’s stock after purchasing an additional 5,053 shares during the period. Kathmere Capital Management LLC’s holdings in Canadian National Railway were worth $1,923,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Lazard Asset Management LLC raised its holdings in shares of Canadian National Railway by 639,137.0% in the third quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock valued at $844,353,000 after buying an additional 8,954,310 shares during the last quarter. Norges Bank bought a new position in shares of Canadian National Railway in the fourth quarter worth about $570,161,000. FIL Ltd lifted its position in shares of Canadian National Railway by 49.5% during the fourth quarter. FIL Ltd now owns 15,745,744 shares of the transportation company’s stock worth $1,557,309,000 after purchasing an additional 5,210,403 shares in the last quarter. Quadrature Capital Ltd grew its stake in shares of Canadian National Railway by 1,693.5% during the third quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock valued at $164,043,000 after purchasing an additional 1,642,700 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Canadian National Railway by 6,329.2% during the fourth quarter. AQR Capital Management LLC now owns 1,234,030 shares of the transportation company’s stock valued at $122,050,000 after purchasing an additional 1,214,836 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

CNI stock opened at $121.51 on Monday. The business’s fifty day moving average is $116.00 and its 200-day moving average is $107.84. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The company has a market cap of $73.72 billion, a P/E ratio of 22.09, a price-to-earnings-growth ratio of 2.29 and a beta of 0.96. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $122.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, hitting analysts’ consensus estimates of $1.31. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.85 earnings per share. Equities research analysts forecast that Canadian National Railway Company will post 5.75 EPS for the current year.

Canadian National Railway Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th were issued a dividend of $0.915 per share. The ex-dividend date was Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 3.0%. Canadian National Railway’s dividend payout ratio (DPR) is 48.55%.

Wall Street Analyst Weigh In

CNI has been the subject of several research analyst reports. Evercore upgraded shares of Canadian National Railway from an “in-line” rating to an “outperform” rating and set a $124.00 price objective for the company in a research report on Thursday, June 25th. Citigroup lifted their target price on Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Bank of America boosted their target price on Canadian National Railway from $132.00 to $134.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Sanford C. Bernstein upped their price target on Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Finally, Barclays upped their price target on Canadian National Railway from $99.00 to $109.00 and gave the company an “equal weight” rating in a research note on Thursday, June 25th. Ten equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.12.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.