153,354 Shares in Canadian National Railway (NYSE:CNI) Bought by Coleford Investment Management Ltd.

Coleford Investment Management Ltd. acquired a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 153,354 shares of the transportation company’s stock, valued at approximately $15,537,000. Canadian National Railway accounts for approximately 4.1% of Coleford Investment Management Ltd.’s investment portfolio, making the stock its 11th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares during the period. Crestwood Advisors Group LLC grew its holdings in shares of Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after buying an additional 114 shares in the last quarter. Lowe Brockenbrough & Co. Inc. raised its position in Canadian National Railway by 1.2% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock valued at $1,167,000 after buying an additional 139 shares during the period. Addison Advisors LLC lifted its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in Canadian National Railway by 5.0% during the 4th quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock worth $335,000 after acquiring an additional 156 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of research analyst reports. JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Citigroup dropped their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Royal Bank of Canada lowered their target price on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Susquehanna cut their price target on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research note on Thursday, March 27th. Finally, TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. 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. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $120.36.

Canadian National Railway Stock Up 0.3 %

NYSE CNI opened at $98.76 on Thursday. The stock’s 50 day simple moving average is $99.13 and its 200 day simple moving average is $104.62. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63. The firm has a market cap of $62.07 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

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

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is 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.