Wilmington Savings Fund Society FSB Buys 2,346 Shares of Canadian National Railway (NYSE:CNI)

Wilmington Savings Fund Society FSB boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 115.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,382 shares of the transportation company’s stock after buying an additional 2,346 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Canadian National Railway were worth $513,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Canadian National Railway by 6.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 15,547 shares of the transportation company’s stock worth $1,837,000 after buying an additional 961 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Canadian National Railway by 1.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 16,688 shares of the transportation company’s stock valued at $1,972,000 after purchasing an additional 219 shares during the last quarter. Blue Trust Inc. boosted its stake in Canadian National Railway by 19.3% in the second quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock worth $77,000 after purchasing an additional 105 shares in the last quarter. Raymond James & Associates boosted its stake in Canadian National Railway by 9.1% in the second quarter. Raymond James & Associates now owns 271,047 shares of the transportation company’s stock worth $32,019,000 after purchasing an additional 22,638 shares in the last quarter. Finally, Focus Financial Network Inc. grew its holdings in shares of Canadian National Railway by 88.2% during the second quarter. Focus Financial Network Inc. now owns 3,243 shares of the transportation company’s stock worth $399,000 after purchasing an additional 1,520 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Down 1.0 %

Shares of NYSE:CNI opened at $102.77 on Tuesday. The company has a 50 day moving average price of $110.40 and a two-hundred day moving average price of $115.07. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market capitalization of $64.66 billion, a PE ratio of 16.47, a PEG ratio of 2.43 and a beta of 0.89. Canadian National Railway has a 52 week low of $102.75 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 EPS. Analysts forecast that Canadian National Railway will post 5.31 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. This represents a $2.44 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.30%.

Wall Street Analysts Forecast Growth

CNI has been the topic of several research reports. Evercore ISI reduced their price target on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating on the stock in a research report on Wednesday, October 23rd. Stephens reissued an “equal weight” rating and set a $116.00 price target on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Barclays upped their price objective on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein lowered their target price on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $125.86.

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.