Act Two Investors LLC Has $12.15 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Act Two Investors LLC grew its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 262.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 119,719 shares of the transportation company's stock after purchasing an additional 86,699 shares during the period. Canadian National Railway comprises about 2.4% of Act Two Investors LLC's portfolio, making the stock its 14th largest position. Act Two Investors LLC's holdings in Canadian National Railway were worth $12,153,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of Canadian National Railway during the third quarter worth $823,000. Geode Capital Management LLC lifted its holdings in shares of Canadian National Railway by 6.6% in the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock valued at $302,895,000 after purchasing an additional 158,757 shares in the last quarter. Advisory Resource Group boosted its position in shares of Canadian National Railway by 13.4% during the third quarter. Advisory Resource Group now owns 8,391 shares of the transportation company's stock worth $983,000 after buying an additional 989 shares during the period. SkyView Investment Advisors LLC grew its holdings in shares of Canadian National Railway by 5.0% during the third quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company's stock worth $4,712,000 after buying an additional 1,903 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB raised its position in Canadian National Railway by 115.2% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company's stock valued at $513,000 after buying an additional 2,346 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

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Canadian National Railway Stock Performance

NYSE CNI traded down $1.66 during trading on Tuesday, reaching $98.53. The company's stock had a trading volume of 1,106,685 shares, compared to its average volume of 1,275,003. The firm has a 50 day moving average price of $99.28 and a 200 day moving average price of $104.71. Canadian National Railway has a 12 month low of $91.65 and a 12 month high of $130.63. The firm has a market capitalization of $61.92 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. 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 issued its quarterly 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 net margin of 26.09% and a return on equity of 22.48%. As a group, equities analysts anticipate that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio (DPR) is presently 47.66%.

Wall Street Analyst Weigh In

CNI has been the topic of a number of recent research reports. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Susquehanna lowered their target price on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a research report on Thursday, March 27th. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Barclays lowered their price target on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $120.36.

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.