Mather Group LLC. Grows Holdings in Canadian National Railway (NYSE:CNI)

Mather Group LLC. lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 108.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 4,351 shares of the transportation company’s stock after acquiring an additional 2,267 shares during the quarter. Mather Group LLC.’s holdings in Canadian National Railway were worth $547,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC grew its position in shares of Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock worth $35,000 after buying an additional 229 shares during the period. EverSource Wealth Advisors LLC grew its position in Canadian National Railway by 121.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 202 shares during the last quarter. Keener Financial Planning LLC purchased a new stake in Canadian National Railway during the 4th quarter valued at about $46,000. Rational Advisors LLC purchased a new stake in Canadian National Railway during the 3rd quarter valued at about $41,000. Finally, Crewe Advisors LLC purchased a new stake in Canadian National Railway during the 3rd quarter valued at about $43,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $121.02 on Thursday. The firm’s 50 day moving average price is $129.08 and its 200-day moving average price is $122.72. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The stock has a market capitalization of $77.29 billion, a PE ratio of 19.30, a price-to-earnings-growth ratio of 2.13 and a beta of 0.89.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is presently 40.03%.

Analysts Set New Price Targets

Several brokerages recently commented on CNI. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Jefferies Financial Group began coverage on shares of Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 price objective on the stock. Stephens reissued an “equal weight” rating and set a $140.00 price objective on shares of Canadian National Railway in a research report on Wednesday, April 24th. Susquehanna upped their target price on shares of Canadian National Railway from $140.00 to $142.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, April 24th. Eighteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $149.05.

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.