Outlook Wealth Advisors LLC Boosts Stake in Canadian National Railway (NYSE:CNI)

Outlook Wealth Advisors LLC increased its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 12.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,690 shares of the transportation company’s stock after acquiring an additional 303 shares during the period. Outlook Wealth Advisors LLC’s holdings in Canadian National Railway were worth $315,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Canadian National Railway during the 2nd quarter valued at about $26,000. Addison Advisors LLC grew its position in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares during the last quarter. ORG Partners LLC purchased a new position in shares of Canadian National Railway during the second quarter worth approximately $34,000. Daiwa Securities Group Inc. bought a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $64,000. Finally, GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 151.7% in the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CNI. Evercore ISI lowered their price target on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a research note on Wednesday. Susquehanna dropped their target price on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday. Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target on the stock in a research note on Monday, October 7th. Barclays increased their price objective on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Finally, Stifel Nicolaus lifted their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Hold” and an average target price of $125.18.

Canadian National Railway Stock Performance

Canadian National Railway stock opened at $110.97 on Friday. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02. The stock has a market cap of $70.18 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.50 and a beta of 0.88. The stock’s 50 day simple moving average is $115.93 and its two-hundred day simple moving average is $119.45. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.48 and a current ratio of 0.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. As a group, analysts expect that Canadian National Railway will post 5.5 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 Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.71%.

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.