Cumberland Partners Ltd Takes Position in Canadian National Railway Company $CNI

Cumberland Partners Ltd purchased a new stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 14,150 shares of the transportation company’s stock, valued at approximately $1,401,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Roberts Glore & Co. Inc. IL increased its holdings in shares of Canadian National Railway by 1.5% during the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock valued at $715,000 after acquiring an additional 110 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Canadian National Railway by 10.1% during the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock valued at $116,000 after acquiring an additional 113 shares in the last quarter. Patten Group Inc. increased its holdings in shares of Canadian National Railway by 1.4% during the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock valued at $823,000 after acquiring an additional 114 shares in the last quarter. ICW Investment Advisors LLC increased its holdings in shares of Canadian National Railway by 0.7% during the third quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock valued at $1,558,000 after acquiring an additional 120 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Canadian National Railway by 2.1% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 6,109 shares of the transportation company’s stock valued at $604,000 after acquiring an additional 123 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Weiss Ratings upgraded Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Stephens reduced their price objective on Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. Citigroup lifted their price objective on Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Royal Bank Of Canada lifted their price objective on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $122.04.

Canadian National Railway Trading Up 0.1%

Shares of NYSE:CNI opened at $114.24 on Friday. The stock has a market capitalization of $69.43 billion, a price-to-earnings ratio of 20.77, a PEG ratio of 2.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The stock’s 50-day simple moving average is $108.20 and its two-hundred day simple moving average is $103.03. Canadian National Railway Company has a 52-week low of $90.74 and a 52-week high of $115.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.31. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.15 billion. Canadian National Railway had a return on equity of 21.90% and a net margin of 27.22%.The business’s revenue for the quarter was down .5% on a year-over-year basis. During the same period last year, the firm posted $1.85 earnings per share. Analysts expect that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a $0.915 dividend. This represents a $3.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 48.55%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.