Hickory Point Bank & Trust Invests $390,000 in Canadian National Railway (NYSE:CNI)

Hickory Point Bank & Trust bought a new position in Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,844 shares of the transportation company’s stock, valued at approximately $390,000.

Several other hedge funds have also recently modified their holdings of the stock. SVB Wealth LLC purchased a new stake in Canadian National Railway during the fourth quarter valued at $339,000. Mn Services Vermogensbeheer B.V. raised its stake in Canadian National Railway by 2.0% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 214,760 shares of the transportation company’s stock valued at $21,797,000 after purchasing an additional 4,300 shares in the last quarter. K.J. Harrison & Partners Inc raised its stake in Canadian National Railway by 17.6% during the fourth quarter. K.J. Harrison & Partners Inc now owns 10,041 shares of the transportation company’s stock valued at $1,022,000 after purchasing an additional 1,500 shares in the last quarter. Lincluden Management Ltd. raised its stake in Canadian National Railway by 31.1% during the fourth quarter. Lincluden Management Ltd. now owns 362,587 shares of the transportation company’s stock valued at $36,819,000 after purchasing an additional 86,096 shares in the last quarter. Finally, Addison Advisors LLC raised its stake in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

CNI stock opened at $101.38 on Friday. The business has a 50 day moving average price of $102.53 and a 200 day moving average price of $109.05. The stock has a market cap of $63.69 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data 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 net margin of 26.09% and a return on equity of 22.48%. Equities research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.43%. 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 is 47.66%.

Analyst Ratings Changes

A number of research firms have weighed in on CNI. Susquehanna cut their price objective on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Jefferies Financial Group upgraded shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research report on Friday, January 10th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Finally, Loop Capital cut shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.