Bank Julius Baer & Co. Ltd Zurich Invests $1.25 Million in Canadian National Railway (NYSE:CNI)

Bank Julius Baer & Co. Ltd Zurich acquired a new position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,288 shares of the transportation company's stock, valued at approximately $1,247,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. XTX Topco Ltd lifted its position in shares of Canadian National Railway by 43.3% during the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company's stock valued at $1,822,000 after acquiring an additional 4,698 shares during the period. Principal Financial Group Inc. raised its position in shares of Canadian National Railway by 29.6% during the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock worth $10,820,000 after purchasing an additional 21,100 shares during the period. Unigestion Holding SA lifted its holdings in shares of Canadian National Railway by 363.6% in the 3rd quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company's stock worth $18,012,000 after purchasing an additional 120,687 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Canadian National Railway by 5.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock valued at $464,002,000 after purchasing an additional 202,303 shares during the period. Finally, Partners Group Holding AG raised its holdings in Canadian National Railway by 16.3% during the third quarter. Partners Group Holding AG now owns 406,066 shares of the transportation company's stock worth $47,571,000 after buying an additional 56,849 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

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Canadian National Railway Stock Performance

Shares of NYSE CNI traded down $0.88 during midday trading on Thursday, hitting $96.00. The company's stock had a trading volume of 1,153,258 shares, compared to its average volume of 1,183,876. The stock has a fifty day moving average price of $101.99 and a 200 day moving average price of $108.20. The firm has a market capitalization of $60.31 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a one year low of $93.64 and a one year high of $134.02. 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 (NYSE:CNI - Get Free Report) TSE: CNR last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) 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%. On average, research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date is Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is presently 47.85%.

Analyst Upgrades and Downgrades

CNI has been the topic of several recent research reports. Susquehanna dropped their price target 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. Barclays cut their target price on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Bank of America lowered their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Two investment 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, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.19.

About Canadian National Railway

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.