Vanguard Group Inc. Has $2.33 Billion Position in Canadian National Railway (NYSE:CNI)

Vanguard Group Inc. increased its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.4% during the 4th quarter, Holdings Channel reports. The fund owned 22,986,678 shares of the transportation company’s stock after acquiring an additional 101,228 shares during the period. Vanguard Group Inc.’s holdings in Canadian National Railway were worth $2,334,251,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of CNI. Quintet Private Bank Europe S.A. acquired a new position in shares of Canadian National Railway during the fourth quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the 4th quarter valued at about $30,000. Lee Danner & Bass Inc. bought a new stake in Canadian National Railway in the 4th quarter valued at about $30,000. Addison Advisors LLC raised its stake in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after acquiring an additional 108 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNI has been the subject of several recent research reports. Barclays decreased their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Stifel Nicolaus lifted their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Wells Fargo & Company lowered their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Finally, Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Performance

CNI stock opened at $100.06 on Thursday. The business has a 50 day moving average of $101.19 and a 200-day moving average of $106.83. The firm has a market cap of $62.88 billion, a PE ratio of 19.54, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.73. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, sell-side analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.46%. Canadian National Railway’s payout ratio is currently 47.66%.

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.