Canadian National Railway Company (NYSE:CNI) Shares Acquired by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. boosted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.9% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,519 shares of the transportation company’s stock after acquiring an additional 212 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Canadian National Railway were worth $440,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CNI. Royal Bank of Canada grew its stake in shares of Canadian National Railway by 7.5% in the fourth quarter. Royal Bank of Canada now owns 27,757,038 shares of the transportation company’s stock worth $2,817,616,000 after purchasing an additional 1,934,622 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Canadian National Railway by 0.4% in the fourth 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 during the period. Capital International Investors grew its position in Canadian National Railway by 12.8% in 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 buying an additional 1,341,133 shares in the last quarter. TD Asset Management Inc. increased its stake in 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 buying an additional 309,210 shares during the period. Finally, JARISLOWSKY FRASER Ltd raised its position 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 worth $926,573,000 after buying an additional 422,078 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 1.6%

Canadian National Railway stock opened at $106.67 on Thursday. The company has a market cap of $66.98 billion, a price-to-earnings ratio of 20.79, a P/E/G ratio of 1.96 and a beta of 0.97. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.62 and a quick ratio of 0.43. Canadian National Railway Company has a one year low of $91.65 and a one year high of $123.96. The firm has a 50-day moving average of $103.26 and a 200-day moving average of $101.50.

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 for the quarter, topping the consensus estimate of $1.26 by $0.03. The firm had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $1.72 EPS. On average, equities analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 10th were paid a $0.8875 dividend. This is an increase from Canadian National Railway’s previous dividend of $0.29. This represents a dividend yield of 2.47%. The ex-dividend date was Monday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 50.49%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Jefferies Financial Group decreased their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Wall Street Zen upgraded Canadian National Railway from a “sell” rating to a “hold” rating in a report on Friday, May 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $163.00 target price on shares of Canadian National Railway in a report on Thursday, June 5th. Susquehanna boosted their price target on shares of Canadian National Railway from $120.00 to $122.00 and gave the stock a “positive” rating in a research report on Tuesday, June 24th. Finally, Stifel Nicolaus lowered their price objective on shares of 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $120.52.

Canadian National Railway 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.