Canadian National Railway (NYSE:CNI) Shares Purchased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 101.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,234 shares of the transportation company’s stock after acquiring an additional 64,657 shares during the quarter. Canadian National Railway makes up about 1.2% of Motley Fool Asset Management LLC’s portfolio, making the stock its 19th biggest holding. Motley Fool Asset Management LLC’s holdings in Canadian National Railway were worth $16,110,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CNI. CWM LLC lifted its position in Canadian National Railway by 9.3% in the third quarter. CWM LLC now owns 2,983 shares of the transportation company’s stock valued at $323,000 after buying an additional 255 shares during the last quarter. Coronation Fund Managers Ltd. lifted its position in shares of Canadian National Railway by 22.1% during the third quarter. Coronation Fund Managers Ltd. now owns 706,327 shares of the transportation company’s stock worth $76,516,000 after purchasing an additional 127,867 shares in the last quarter. Norris Perne & French LLP MI lifted its position in shares of Canadian National Railway by 51.4% during the third quarter. Norris Perne & French LLP MI now owns 2,726 shares of the transportation company’s stock worth $295,000 after purchasing an additional 926 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Canadian National Railway by 19.8% during the third quarter. Ballentine Partners LLC now owns 2,148 shares of the transportation company’s stock worth $233,000 after purchasing an additional 355 shares in the last quarter. Finally, PDS Planning Inc lifted its position in shares of Canadian National Railway by 2.8% during the third quarter. PDS Planning Inc now owns 4,477 shares of the transportation company’s stock worth $485,000 after purchasing an additional 122 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the topic of a number of recent research reports. Citigroup upped their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. CIBC lowered shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Jefferies Financial Group initiated coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They set a “hold” rating and a $130.00 target price on the stock. TD Securities lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Stephens reiterated an “equal weight” rating and issued a $140.00 price target on shares of Canadian National Railway in a research note on Wednesday. Eighteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $147.86.

Canadian National Railway Price Performance

Canadian National Railway stock traded up $1.92 during midday trading on Thursday, reaching $124.78. The company’s stock had a trading volume of 1,450,389 shares, compared to its average volume of 1,024,670. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. The stock’s 50 day simple moving average is $129.58 and its 200 day simple moving average is $122.22. The firm has a market capitalization of $79.70 billion, a PE ratio of 19.90, a P/E/G ratio of 2.26 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. Canadian National Railway had a return on equity of 23.17% and a net margin of 32.81%. The business had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. On average, equities research analysts forecast that Canadian National Railway will post 5.93 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 40.03%.

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.