Brown Lisle Cummings Inc. Has $4.57 Million Stake in Canadian National Railway (NYSE:CNI)

Brown Lisle Cummings Inc. boosted its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,998 shares of the transportation company’s stock after purchasing an additional 1,028 shares during the period. Canadian National Railway comprises approximately 1.4% of Brown Lisle Cummings Inc.’s holdings, making the stock its 14th largest position. Brown Lisle Cummings Inc.’s holdings in Canadian National Railway were worth $4,568,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CNI. National Bank of Canada FI raised its position in Canadian National Railway by 46.5% during the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after acquiring an additional 2,137,948 shares in the last quarter. Canoe Financial LP bought a new position in shares of Canadian National Railway during the 4th quarter valued at $216,943,000. Point72 Asset Management L.P. acquired a new stake in shares of Canadian National Railway in the 3rd quarter valued at $159,907,000. Wellington Management Group LLP boosted its holdings in Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock worth $2,175,935,000 after purchasing an additional 790,420 shares in the last quarter. Finally, Toronto Dominion Bank raised its holdings in Canadian National Railway by 64.5% during the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock valued at $174,813,000 after buying an additional 584,832 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Trading Down 5.5 %

CNI stock opened at $98.78 on Tuesday. The business’s 50 day moving average is $104.48 and its 200-day moving average is $110.79. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02. The firm has a market cap of $62.11 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.47 and a beta of 0.91.

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 analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a $0.6159 dividend. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is 48.05%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CNI. The Goldman Sachs Group decreased their price target on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating for the company in a research note on Wednesday, October 9th. Stephens reissued an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a research report on Wednesday, October 23rd. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, Canadian National Railway presently has a consensus rating of “Moderate Buy” and an average target price of $124.19.

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.