PDS Planning Inc Buys 507 Shares of Canadian National Railway Company $CNI

PDS Planning Inc raised its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 14.8% during the second quarter, Holdings Channel.com reports. The fund owned 3,944 shares of the transportation company’s stock after purchasing an additional 507 shares during the period. PDS Planning Inc’s holdings in Canadian National Railway were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dagco Inc. bought a new position in Canadian National Railway in the first quarter valued at approximately $32,000. CX Institutional bought a new position in Canadian National Railway in the first quarter valued at approximately $39,000. Brooklyn Investment Group boosted its stake in Canadian National Railway by 354.3% in the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after acquiring an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC boosted its stake in Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after acquiring an additional 171 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Trading Down 1.0%

CNI opened at $94.51 on Friday. The stock has a market capitalization of $58.67 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.13 and a beta of 0.96. Canadian National Railway Company has a 12 month low of $91.07 and a 12 month high of $116.79. The firm’s fifty day simple moving average is $94.54 and its 200 day simple moving average is $98.94. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company’s revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, research analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were given a $0.6507 dividend. The ex-dividend date of this dividend was Monday, September 8th. This represents a $2.60 annualized dividend and a yield of 2.8%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s payout ratio is presently 50.19%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company reduced their price objective on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Evercore ISI cut shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price target on the stock. in a research report on Wednesday, July 23rd. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. National Bank Financial cut shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $114.30.

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.