Tudor Financial Inc. Takes Position in Canadian National Railway (NYSE:CNI)

Tudor Financial Inc. purchased a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the first quarter, Holdings Channel.com reports. The fund purchased 2,350 shares of the transportation company’s stock, valued at approximately $229,000.

A number of other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Canadian National Railway by 7.5% during the 4th quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company’s stock valued at $2,817,616,000 after buying an additional 1,934,622 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Canadian National Railway by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company’s stock valued at $2,334,251,000 after buying an additional 101,228 shares during the last quarter. Capital International Investors raised its stake in shares of Canadian National Railway by 12.8% during the 4th quarter. Capital International Investors now owns 11,822,063 shares of the transportation company’s stock valued at $1,199,680,000 after purchasing an additional 1,341,133 shares during the period. TD Asset Management Inc. raised its stake in shares of Canadian National Railway by 2.7% during the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company’s stock valued at $1,194,443,000 after purchasing an additional 309,210 shares during the period. Finally, JARISLOWSKY FRASER Ltd raised its stake in shares of Canadian National Railway by 4.8% during the 4th quarter. JARISLOWSKY FRASER Ltd now owns 9,159,075 shares of the transportation company’s stock valued at $926,573,000 after purchasing an additional 422,078 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $103.76 on Friday. The stock’s 50-day simple moving average is $101.93 and its two-hundred day simple moving average is $101.95. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $123.96. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $65.21 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.95 and a beta of 0.98.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The firm had revenue of $3.06 billion during the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the prior year, the business earned $1.72 EPS. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. As a group, equities analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th will be issued a $0.8875 dividend. This is a boost from Canadian National Railway’s previous dividend of $0.29. This represents a dividend yield of 2.47%. The ex-dividend date of this dividend is Monday, June 9th. Canadian National Railway’s dividend payout ratio is presently 50.29%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Evercore ISI decreased their price objective on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Friday, May 30th. Stifel Nicolaus decreased their price objective on Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Bank of America boosted their price objective on Canadian National Railway from $105.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Finally, Stephens boosted their price objective on Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus target price of $120.36.

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.