Act Two Investors LLC Purchases 86,699 Shares of Canadian National Railway (NYSE:CNI)

Act Two Investors LLC increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 262.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,719 shares of the transportation company’s stock after acquiring an additional 86,699 shares during the quarter. Canadian National Railway comprises 2.4% of Act Two Investors LLC’s holdings, making the stock its 14th biggest position. Act Two Investors LLC’s holdings in Canadian National Railway were worth $12,153,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Canadian National Railway by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock worth $2,334,251,000 after purchasing an additional 101,228 shares in the last quarter. TD Asset Management Inc. grew its holdings in shares of Canadian National Railway by 2.7% during the fourth quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock valued at $1,194,443,000 after buying an additional 309,210 shares during the last quarter. Fiera Capital Corp increased its position in shares of Canadian National Railway by 2.6% in the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company’s stock valued at $570,550,000 after acquiring an additional 142,070 shares during the period. Norges Bank purchased a new position in Canadian National Railway in the 4th quarter worth $563,048,000. Finally, CIBC Asset Management Inc lifted its position in Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company’s stock worth $519,843,000 after acquiring an additional 571,967 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 2.6 %

Shares of CNI opened at $95.75 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a market cap of $60.17 billion, a P/E ratio of 18.70, a PEG ratio of 1.95 and a beta of 0.93. The stock’s 50 day moving average is $99.40 and its two-hundred day moving average is $105.01. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $132.27.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. Analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $0.6159 dividend. The ex-dividend date was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.57%. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Analyst Ratings Changes

Several research analysts have recently issued reports on CNI shares. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Jefferies Financial Group reduced their price target on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday. Wells Fargo & Company dropped 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 report on Monday, January 13th. Susquehanna reduced their target price on shares of Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday, March 27th. Finally, Stifel Nicolaus upped their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average price target of $121.19.

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.