Unigestion Holding SA Purchases 120,687 Shares of Canadian National Railway (NYSE:CNI)

Unigestion Holding SA lifted its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 363.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 153,880 shares of the transportation company's stock after acquiring an additional 120,687 shares during the period. Unigestion Holding SA's holdings in Canadian National Railway were worth $18,012,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CNI. Addison Advisors LLC raised its position in Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock worth $28,000 after purchasing an additional 148 shares during the period. Fortitude Family Office LLC increased its holdings in shares of Canadian National Railway by 738.7% in the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock worth $30,000 after buying an additional 229 shares during the period. Coastline Trust Co bought a new stake in shares of Canadian National Railway in the 3rd quarter valued at about $34,000. ORG Partners LLC purchased a new stake in Canadian National Railway during the 2nd quarter valued at about $34,000. Finally, Reston Wealth Management LLC bought a new position in Canadian National Railway during the 3rd quarter worth approximately $41,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

CNI traded down $1.08 during midday trading on Wednesday, hitting $105.22. 1,438,271 shares of the company traded hands, compared to its average volume of 1,145,395. Canadian National Railway has a 52 week low of $104.97 and a 52 week high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company's 50-day moving average is $111.21 and its 200 day moving average is $115.65. The firm has a market capitalization of $66.27 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.50 and a beta of 0.89.

Canadian National Railway (NYSE:CNI - Get Free Report) 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, beating analysts' consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company's revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, research analysts expect that Canadian National Railway will post 5.31 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. Stockholders of record on Monday, December 9th will be paid a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is 39.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CNI shares. Barclays raised their target price on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an "equal weight" rating in a report on Wednesday, September 25th. The Goldman Sachs Group dropped their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. Bank of America lowered Canadian National Railway from a "buy" rating to a "neutral" rating and lowered their price target for the company from $129.00 to $122.00 in a research report on Friday, October 4th. Evercore ISI cut their price objective on Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating on the stock in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price target on the stock in a report on Monday, October 7th. One investment analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $125.86.

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.