Canadian National Railway (NYSE:CNI) Shares Purchased by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,130 shares of the transportation company’s stock after purchasing an additional 148 shares during the period. Canadian National Railway makes up 1.1% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 26th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in Canadian National Railway were worth $19,345,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNI. 1832 Asset Management L.P. lifted its holdings in Canadian National Railway by 7.8% in the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock valued at $1,106,361,000 after acquiring an additional 674,536 shares during the period. JARISLOWSKY FRASER Ltd increased its holdings in shares of Canadian National Railway by 1.2% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company’s stock valued at $1,017,315,000 after purchasing an additional 99,716 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of Canadian National Railway by 0.7% in the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock valued at $642,828,000 after purchasing an additional 39,063 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Canadian National Railway by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company’s stock worth $570,667,000 after buying an additional 120,453 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock worth $464,002,000 after buying an additional 202,303 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.4 %

Shares of NYSE CNI opened at $111.69 on Friday. The stock has a market cap of $70.34 billion, a PE ratio of 17.90, a P/E/G ratio of 2.52 and a beta of 0.89. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. Canadian National Railway has a 12-month low of $105.28 and a 12-month high of $134.02. The company has a 50-day moving average of $112.39 and a 200 day moving average of $116.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same period in the prior year, the business earned $1.26 earnings per share. The business’s revenue was up 3.1% compared to the same quarter last year. As a group, sell-side analysts predict that Canadian National Railway will post 5.49 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.26%.

Analysts Set New Price Targets

CNI has been the subject of a number of recent analyst reports. Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. The Goldman Sachs Group cut their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Royal Bank of Canada upgraded Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, October 10th. Susquehanna dropped their price objective on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Stifel Nicolaus upped their target price on Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $125.86.

Canadian National Railway 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.