Nicola Wealth Management LTD. Has $22.55 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Nicola Wealth Management LTD. increased its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 44.5% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 192,500 shares of the transportation company's stock after purchasing an additional 59,300 shares during the quarter. Canadian National Railway accounts for 2.1% of Nicola Wealth Management LTD.'s investment portfolio, making the stock its 13th biggest holding. Nicola Wealth Management LTD.'s holdings in Canadian National Railway were worth $22,551,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. raised its holdings in shares of Canadian National Railway by 16.3% in the 1st quarter. Avantax Advisory Services Inc. now owns 15,375 shares of the transportation company's stock worth $2,025,000 after purchasing an additional 2,153 shares during the period. Bleakley Financial Group LLC lifted its position in shares of Canadian National Railway by 21.0% in the 1st quarter. Bleakley Financial Group LLC now owns 6,072 shares of the transportation company's stock worth $800,000 after buying an additional 1,054 shares during the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Canadian National Railway during the 1st quarter worth approximately $627,000. Cumberland Partners Ltd boosted its holdings in shares of Canadian National Railway by 11.9% during the first quarter. Cumberland Partners Ltd now owns 270,516 shares of the transportation company's stock valued at $35,637,000 after acquiring an additional 28,816 shares during the period. Finally, Motco bought a new position in Canadian National Railway in the 1st quarter worth about $81,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded down $1.32 on Thursday, hitting $110.07. The stock had a trading volume of 1,074,818 shares, compared to its average volume of 1,115,710. The firm's 50 day moving average price is $114.31 and its 200-day moving average price is $117.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. Canadian National Railway has a twelve month low of $107.54 and a twelve month high of $134.02. The company has a market capitalization of $69.21 billion, a price-to-earnings ratio of 17.86, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period in the previous year, the business earned $1.26 earnings per share. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts predict that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.22%. Canadian National Railway's dividend payout ratio is 39.26%.

Analyst Ratings Changes

CNI has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. Evercore ISI decreased their target price on Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating for the company in a research report on Wednesday, October 23rd. Stephens reissued an "equal weight" rating and set a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Benchmark reaffirmed a "hold" rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Finally, Veritas upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of "Hold" and an average target price of $125.48.

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.