AKO Capital LLP Acquires 1,081 Shares of Canadian National Railway (NYSE:CNI)

AKO Capital LLP lifted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,992 shares of the transportation company’s stock after acquiring an additional 1,081 shares during the quarter. Canadian National Railway accounts for about 0.0% of AKO Capital LLP’s investment portfolio, making the stock its 27th largest holding. AKO Capital LLP’s holdings in Canadian National Railway were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares in the last quarter. Crestwood Advisors Group LLC boosted its position in shares of Canadian National Railway by 4.2% during the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after acquiring an additional 114 shares during the last quarter. Lowe Brockenbrough & Co. Inc. lifted its position in Canadian National Railway by 1.2% during the fourth quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company’s stock valued at $1,167,000 after purchasing an additional 139 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 142 shares during the last quarter. Finally, Harbour Investments Inc. increased its stake in Canadian National Railway by 5.0% during the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock worth $335,000 after acquiring an additional 156 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CNI shares. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Barclays decreased their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Finally, Stifel Nicolaus raised their price objective on Canadian National Railway from $120.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $124.02.

Canadian National Railway Stock Down 0.3 %

Shares of CNI stock opened at $99.77 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market cap of $62.69 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.95 and a beta of 0.91. The stock has a 50 day moving average of $101.15 and a 200 day moving average of $106.78. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $132.73.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. As a group, sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current 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 $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Monday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Canadian National Railway Company 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.