Callahan Advisors LLC Buys 16,394 Shares of Canadian National Railway (NYSE:CNI)

Callahan Advisors LLC raised its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 23.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 87,463 shares of the transportation company's stock after acquiring an additional 16,394 shares during the period. Callahan Advisors LLC's holdings in Canadian National Railway were worth $8,878,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Bleakley Financial Group LLC raised its stake in shares of Canadian National Railway by 2.4% during the 3rd quarter. Bleakley Financial Group LLC now owns 6,788 shares of the transportation company's stock worth $795,000 after purchasing an additional 157 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in shares of Canadian National Railway by 2.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,491 shares of the transportation company's stock worth $1,346,000 after purchasing an additional 310 shares in the last quarter. Net Worth Advisory Group bought a new stake in shares of Canadian National Railway during the 3rd quarter worth approximately $252,000. Blue Trust Inc. raised its stake in shares of Canadian National Railway by 100.8% during the 3rd quarter. Blue Trust Inc. now owns 1,301 shares of the transportation company's stock worth $154,000 after purchasing an additional 653 shares in the last quarter. Finally, Brown Lisle Cummings Inc. raised its stake in shares of Canadian National Railway by 3.3% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 43,970 shares of the transportation company's stock worth $5,151,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CNI. Stifel Nicolaus upped their price objective on Canadian National Railway from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. Susquehanna dropped their price objective on Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Loop Capital lowered Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Finally, Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.19.

Canadian National Railway Stock Performance

NYSE CNI traded up $0.15 on Friday, reaching $103.98. The stock had a trading volume of 1,342,664 shares, compared to its average volume of 1,392,510. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The firm has a fifty day moving average of $102.64 and a two-hundred day moving average of $109.42. Canadian National Railway has a 1-year low of $98.69 and a 1-year high of $134.02. The company has a market cap of $65.33 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. On average, equities research analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.37%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's dividend payout ratio is presently 46.68%.

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.