First Personal Financial Services Buys 200 Shares of Canadian National Railway (NYSE:CNI)

First Personal Financial Services boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The firm owned 4,957 shares of the transportation company’s stock after acquiring an additional 200 shares during the quarter. First Personal Financial Services’ holdings in Canadian National Railway were worth $581,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GQG Partners LLC lifted its holdings in Canadian National Railway by 0.8% during the 1st quarter. GQG Partners LLC now owns 11,424 shares of the transportation company’s stock worth $1,505,000 after buying an additional 93 shares during the period. Grove Bank & Trust raised its stake in Canadian National Railway by 15.3% during the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares during the period. B. Riley Wealth Advisors Inc. raised its stake in Canadian National Railway by 2.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock worth $547,000 after buying an additional 100 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Canadian National Railway by 1.1% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock worth $1,105,000 after buying an additional 102 shares during the period. Finally, Blue Trust Inc. raised its stake in Canadian National Railway by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock worth $77,000 after buying an additional 105 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. 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. Susquehanna dropped their price target on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Stephens reissued an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. Barclays boosted 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, Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. One investment 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. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and a consensus price target of $125.18.

Canadian National Railway Trading Down 2.2 %

NYSE:CNI opened at $110.80 on Friday. The company has a market cap of $69.67 billion, a P/E ratio of 17.76, a P/E/G ratio of 2.49 and a beta of 0.89. The stock’s fifty day moving average price is $114.71 and its two-hundred day moving average price is $118.23. Canadian National Railway has a 1 year low of $107.54 and a 1 year high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the business posted $1.26 earnings per share. The firm’s revenue was up 3.1% compared to the same quarter last year. As a group, analysts expect that Canadian National Railway will post 5.52 EPS 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. Investors of record on Monday, December 9th will be given a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.21%. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.26%.

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.