Callahan Advisors LLC Acquires 16,394 Shares of Canadian National Railway (NYSE:CNI)

Callahan Advisors LLC lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 23.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 87,463 shares of the transportation company’s stock after acquiring an additional 16,394 shares during the quarter. Callahan Advisors LLC’s holdings in Canadian National Railway were worth $8,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after acquiring an additional 229 shares during the period. Coastline Trust Co bought a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $34,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway during the 4th quarter worth approximately $30,000. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of Canadian National Railway by 48.2% during the 4th 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 during the period. Finally, Reston Wealth Management LLC bought a new stake in Canadian National Railway in the 3rd quarter valued at $41,000. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CNI shares. Wells Fargo & Company reduced their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Loop Capital downgraded Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Stifel Nicolaus boosted their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Finally, Royal Bank of Canada reduced their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $101.69 on Tuesday. The stock has a fifty day moving average of $102.78 and a 200-day moving average of $109.63. The stock has a market capitalization of $63.95 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a 52 week low of $98.69 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued 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%. On average, sell-side analysts expect that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.42%. Canadian National Railway’s payout ratio is 46.68%.

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.