First Pacific Financial Raises Stake in Canadian National Railway (NYSE:CNI)

First Pacific Financial raised its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,076 shares of the transportation company’s stock after purchasing an additional 171 shares during the period. First Pacific Financial’s holdings in Canadian National Railway were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Canadian National Railway by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 22,395,401 shares of the transportation company’s stock worth $2,813,534,000 after purchasing an additional 387,975 shares in the last quarter. 1832 Asset Management L.P. boosted its position in shares of Canadian National Railway by 7.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after acquiring an additional 674,536 shares in the last quarter. Capital International Investors increased its holdings in shares of Canadian National Railway by 18.1% in the 1st quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock valued at $1,185,647,000 after acquiring an additional 1,379,976 shares during the last quarter. JARISLOWSKY FRASER Ltd raised its position 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 worth $1,017,315,000 after acquiring an additional 99,716 shares in the last quarter. Finally, Fiera Capital Corp lifted its stake in Canadian National Railway by 13.3% during the second quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company’s stock worth $643,503,000 after purchasing an additional 638,817 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of CNI stock traded up $0.20 during mid-day trading on Tuesday, hitting $115.73. The stock had a trading volume of 1,447,718 shares, compared to its average volume of 1,096,384. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The company’s 50-day simple moving average is $115.63 and its 200-day simple moving average is $120.47. The firm has a market cap of $73.19 billion, a PE ratio of 18.42, a PEG ratio of 2.55 and a beta of 0.88.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. During the same quarter in the previous year, the business earned $1.31 EPS. Canadian National Railway’s revenue for the quarter was up 6.7% on a year-over-year basis. Sell-side analysts anticipate that Canadian National Railway will post 5.54 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a dividend of $0.614 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s dividend payout ratio is presently 39.07%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CNI shares. Sanford C. Bernstein dropped their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Barclays increased their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Stifel Nicolaus reduced their price target on shares of Canadian National Railway from $133.00 to $130.00 and set a “hold” rating for the company in a research report on Friday. Susquehanna dropped their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Finally, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $126.02.

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.