Marshall Financial Group LLC Acquires 112 Shares of Canadian National Railway (NYSE:CNI)

Marshall Financial Group LLC lifted its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,209 shares of the transportation company’s stock after purchasing an additional 112 shares during the quarter. Marshall Financial Group LLC’s holdings in Canadian National Railway were worth $970,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in Canadian National Railway in the fourth quarter valued at $769,556,000. Canoe Financial LP boosted its position in Canadian National Railway by 8,401.1% during the fourth quarter. Canoe Financial LP now owns 4,007,186 shares of the transportation company’s stock valued at $503,423,000 after buying an additional 3,960,049 shares during the period. Capital International Investors boosted its position in Canadian National Railway by 63.2% during the fourth quarter. Capital International Investors now owns 7,623,561 shares of the transportation company’s stock valued at $957,845,000 after buying an additional 2,951,506 shares during the period. Canada Pension Plan Investment Board boosted its position in Canadian National Railway by 92.4% during the first quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock valued at $593,911,000 after buying an additional 2,163,820 shares during the period. Finally, Wellington Management Group LLP boosted its position in Canadian National Railway by 9.6% during the fourth quarter. Wellington Management Group LLP now owns 21,868,740 shares of the transportation company’s stock valued at $2,761,473,000 after buying an additional 1,907,938 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Barclays dropped their target price on shares of Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Susquehanna dropped their target price on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating for the company in a report on Wednesday, July 24th. National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a report on Thursday, June 27th. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 24th. Finally, Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Sixteen research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus price target of $138.35.

Canadian National Railway Stock Performance

CNI stock traded down $0.17 on Friday, hitting $112.92. The company had a trading volume of 535,150 shares, compared to its average volume of 1,077,841. The stock’s 50-day simple moving average is $117.20 and its 200 day simple moving average is $124.20. The stock has a market cap of $71.41 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 2.26 and a beta of 0.89. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.93 by ($0.09). The business had revenue of $4.33 billion for the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 EPS. As a group, equities research analysts expect that Canadian National Railway will post 5.62 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.614 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s dividend payout ratio is presently 39.07%.

About Canadian National Railway

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.