Canadian National Railway (NYSE:CNI) Shares Bought by Korea Investment CORP

Korea Investment CORP boosted its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 45.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 357,045 shares of the transportation company's stock after buying an additional 111,454 shares during the period. Korea Investment CORP owned approximately 0.06% of Canadian National Railway worth $36,238,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. acquired a new position in shares of Canadian National Railway during the fourth quarter valued at about $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway during the 4th quarter valued at approximately $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway during the 4th quarter valued at approximately $30,000. Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after buying an additional 108 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Barclays decreased their price objective on Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Jefferies Financial Group raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a report on Friday, January 10th. Stifel Nicolaus boosted their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, January 31st. Finally, Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat, Canadian National Railway has an average rating of "Moderate Buy" and a consensus target price of $124.02.

Canadian National Railway Stock Down 0.1 %

Shares of Canadian National Railway stock traded down $0.10 on Monday, reaching $97.35. 1,170,440 shares of the company were exchanged, compared to its average volume of 1,239,345. Canadian National Railway has a 1-year low of $93.64 and a 1-year high of $132.27. The stock's 50 day moving average price is $101.07 and its 200-day moving average price is $106.51. 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 company has a market cap of $61.17 billion, a P/E ratio of 19.01, 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 posted its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. As a group, equities analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.53%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio is currently 47.66%.

Canadian National Railway 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.