HM Payson & Co. Buys 688 Shares of Canadian National Railway (NYSE:CNI)

HM Payson & Co. raised its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 14.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,363 shares of the transportation company’s stock after buying an additional 688 shares during the quarter. HM Payson & Co.’s holdings in Canadian National Railway were worth $589,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of CNI. Wolff Wiese Magana LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $25,000. Johnson Midwest Financial LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $28,000. AGF Investments LLC grew its position in shares of Canadian National Railway by 70.9% in the 4th quarter. AGF Investments LLC now owns 258 shares of the transportation company’s stock worth $28,000 after buying an additional 107 shares during the last quarter. Capital Asset Advisory Services LLC bought a new stake in shares of Canadian National Railway in the 4th quarter worth approximately $30,000. Finally, NuWave Investment Management LLC grew its position in shares of Canadian National Railway by 4,042.9% in the 4th quarter. NuWave Investment Management LLC now owns 290 shares of the transportation company’s stock worth $32,000 after buying an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 54.23% of the company’s stock.

Several equities research analysts recently weighed in on CNI shares. Scotiabank dropped their price target on Canadian National Railway from $144.00 to $140.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 27th. Smith Barney Citigroup lifted their price target on Canadian National Railway from $110.00 to $127.00 in a research report on Monday, January 11th. Vertical Research initiated coverage on Canadian National Railway in a research note on Friday, March 26th. They set a “hold” rating for the company. Wells Fargo & Company lowered their price objective on Canadian National Railway from $121.00 to $109.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 27th. Finally, Bank of America cut Canadian National Railway from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 27th. Seventeen analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Canadian National Railway has a consensus rating of “Hold” and an average target price of $119.10.

NYSE:CNI opened at $116.60 on Thursday. The stock has a 50-day simple moving average of $113.80 and a two-hundred day simple moving average of $109.57. Canadian National Railway has a 52-week low of $75.51 and a 52-week high of $119.35. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.85 and a current ratio of 1.05. The firm has a market capitalization of $82.89 billion, a PE ratio of 32.57, a P/E/G ratio of 3.36 and a beta of 0.83.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Monday, January 25th. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.01. Canadian National Railway had a return on equity of 19.55% and a net margin of 24.90%. The business had revenue of $3.66 billion during the quarter, compared to analyst estimates of $3.64 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. Canadian National Railway’s revenue for the quarter was up 2.0% on a year-over-year basis. Equities analysts forecast that Canadian National Railway will post 4.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Wednesday, March 10th were issued a dividend of $0.4803 per share. This represents a $1.92 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Tuesday, March 9th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.43. Canadian National Railway’s payout ratio is currently 41.00%.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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