Murphy & Mullick Capital Management Corp Makes New Investment in Canadian National Railway (NYSE:CNI)

Murphy & Mullick Capital Management Corp purchased a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 517 shares of the transportation company’s stock, valued at approximately $52,000.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Trust N.A. acquired a new position in Canadian National Railway in the third quarter worth about $261,000. Citigroup Inc. grew its stake in shares of Canadian National Railway by 3.4% in the 3rd quarter. Citigroup Inc. now owns 114,124 shares of the transportation company’s stock valued at $13,379,000 after purchasing an additional 3,774 shares during the period. Fisher Asset Management LLC raised its holdings in shares of Canadian National Railway by 71.4% in the 3rd quarter. Fisher Asset Management LLC now owns 3,135 shares of the transportation company’s stock worth $367,000 after buying an additional 1,306 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Canadian National Railway by 13.9% during the 3rd quarter. D.A. Davidson & CO. now owns 1,978 shares of the transportation company’s stock worth $232,000 after buying an additional 241 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Canadian National Railway by 32.3% during the 3rd quarter. BNP Paribas Financial Markets now owns 116,781 shares of the transportation company’s stock worth $13,681,000 after buying an additional 28,517 shares during the period. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CNI. Royal Bank of Canada cut their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Barclays cut their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Wells Fargo & Company decreased their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a report on Monday, February 3rd. Finally, Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.02.

Canadian National Railway Stock Down 0.3 %

Shares of NYSE CNI opened at $99.77 on Friday. The firm has a market capitalization of $62.69 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The firm’s 50-day moving average is $101.15 and its 200-day moving average is $106.78. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a yield of 2.47%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s payout ratio is presently 47.66%.

Canadian National Railway Company 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.