Farrow Financial Inc. Increases Stock Holdings in Canadian National Railway Company $CNI

Farrow Financial Inc. raised its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 25.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,665 shares of the transportation company’s stock after purchasing an additional 3,936 shares during the quarter. Farrow Financial Inc.’s holdings in Canadian National Railway were worth $2,046,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Addison Advisors LLC boosted its position in Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock worth $28,000 after purchasing an additional 150 shares during the period. Dagco Inc. acquired a new stake in shares of Canadian National Railway in the first quarter valued at about $32,000. Curio Wealth LLC grew its stake in shares of Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after buying an additional 316 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after buying an additional 333 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after acquiring an additional 167 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

CNI has been the subject of several analyst reports. National Bank Financial downgraded shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, July 23rd. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Royal Bank Of Canada boosted their price objective on Canadian National Railway from $148.00 to $158.00 and gave the company an “outperform” rating in a research report on Monday, November 3rd. Susquehanna increased their target price on Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a research report on Monday, November 3rd. Finally, Wells Fargo & Company reduced their price target on shares of Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, October 6th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of “Hold” and a consensus target price of $114.00.

Canadian National Railway Price Performance

NYSE CNI opened at $96.13 on Monday. The stock’s 50-day moving average price is $94.87 and its two-hundred day moving average price is $98.59. The company has a market cap of $59.26 billion, a PE ratio of 18.49, a PEG ratio of 2.13 and a beta of 0.95. 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 Company has a 1 year low of $91.07 and a 1 year high of $112.97.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.28 by $0.05. The business had revenue of $2.99 billion during the quarter, compared to analysts’ expectations of $4.15 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.72 earnings per share. On average, analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Tuesday, December 9th will be given a $0.8875 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. This represents a $3.55 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Canadian National Railway’s payout ratio is presently 48.01%.

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.