Stokes Capital Advisors LLC Buys 582 Shares of Canadian National Railway (NYSE:CNI)

Stokes Capital Advisors LLC grew its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,379 shares of the transportation company’s stock after acquiring an additional 582 shares during the period. Canadian National Railway comprises approximately 2.0% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 25th biggest holding. Stokes Capital Advisors LLC’s holdings in Canadian National Railway were worth $6,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Janiczek Wealth Management LLC raised its stake in shares of Canadian National Railway by 15.1% during the first quarter. Janiczek Wealth Management LLC now owns 1,059 shares of the transportation company’s stock valued at $139,000 after acquiring an additional 139 shares in the last quarter. GoalVest Advisory LLC bought a new position in Canadian National Railway in the first quarter worth approximately $349,000. Sunbelt Securities Inc. raised its stake in Canadian National Railway by 6.6% in the first quarter. Sunbelt Securities Inc. now owns 3,161 shares of the transportation company’s stock worth $416,000 after buying an additional 197 shares in the last quarter. Kwmg LLC raised its stake in Canadian National Railway by 1.2% in the first quarter. Kwmg LLC now owns 48,915 shares of the transportation company’s stock worth $6,443,000 after buying an additional 586 shares in the last quarter. Finally, Affinity Capital Advisors LLC bought a new position in Canadian National Railway in the first quarter worth approximately $790,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

Shares of CNI traded up $0.58 during trading hours on Friday, reaching $118.57. 306,750 shares of the company traded hands, compared to its average volume of 1,063,124. The stock has a market capitalization of $75.23 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.07 and a beta of 0.90. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The business has a fifty day moving average price of $124.26 and a 200-day moving average price of $126.22.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.16 billion. Equities analysts anticipate that Canadian National Railway will post 5.9 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s payout ratio is 39.08%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CNI. Jefferies Financial Group began coverage on shares of Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 price objective for the company. Susquehanna reduced their price objective on shares of Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday. Barclays boosted their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Stephens reissued an “equal weight” rating and issued a $140.00 price objective on shares of Canadian National Railway in a research note on Wednesday, April 24th. Finally, Benchmark reaffirmed a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. Eighteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $148.95.

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.