Outlook Wealth Advisors LLC Makes New Investment in Canadian National Railway (NYSE:CNI)

Outlook Wealth Advisors LLC acquired a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,646 shares of the transportation company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. increased its holdings in Canadian National Railway by 33.5% during the 3rd quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock worth $1,300,000 after purchasing an additional 3,011 shares in the last quarter. Spire Wealth Management grew its holdings in shares of Canadian National Railway by 5.0% in the third quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 219 shares in the last quarter. YCG LLC grew its holdings in Canadian National Railway by 6.0% during the fourth quarter. YCG LLC now owns 250,085 shares of the transportation company’s stock valued at $31,418,000 after purchasing an additional 14,249 shares during the period. Manning & Napier Group LLC grew its holdings in Canadian National Railway by 7.5% during the fourth quarter. Manning & Napier Group LLC now owns 669,988 shares of the transportation company’s stock valued at $84,171,000 after purchasing an additional 46,517 shares during the period. Finally, Graham Capital Management L.P. bought a new position in Canadian National Railway during the third quarter valued at $1,266,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Down 0.8 %

Shares of NYSE:CNI opened at $128.45 on Monday. The stock’s 50-day moving average price is $129.76 and its 200-day moving average price is $121.17. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The stock has a market capitalization of $82.25 billion, a P/E ratio of 20.26, a price-to-earnings-growth ratio of 2.23 and a beta of 0.88. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion for the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. On average, equities analysts anticipate that Canadian National Railway will post 5.96 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a $0.638 dividend. The ex-dividend date was Wednesday, March 6th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. This represents a $2.55 annualized dividend and a dividend yield of 1.99%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CNI shares. CIBC downgraded Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Susquehanna Bancshares increased their target price on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, January 8th. Wells Fargo & Company increased their target price on Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Stifel Nicolaus increased their target price on Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Stephens increased their price objective on Canadian National Railway from $122.00 to $135.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 4th. Eighteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $147.52.

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.