Capital International Investors Has $1.20 Billion Stake in Canadian National Railway (NYSE:CNI)

Capital International Investors grew its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 12.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,822,063 shares of the transportation company's stock after acquiring an additional 1,341,133 shares during the quarter. Capital International Investors owned 1.88% of Canadian National Railway worth $1,199,680,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after buying an additional 108 shares in the last quarter. Crestwood Advisors Group LLC grew its position in shares of Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock valued at $286,000 after acquiring an additional 114 shares during the period. Lowe Brockenbrough & Co. Inc. increased its stake in shares of Canadian National Railway by 1.2% during the 4th quarter. Lowe Brockenbrough & Co. Inc. now owns 11,492 shares of the transportation company's stock worth $1,167,000 after purchasing an additional 139 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares during the period. Finally, Harbour Investments Inc. lifted its stake in Canadian National Railway by 5.0% in the 4th quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company's stock valued at $335,000 after purchasing an additional 156 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Trading Up 0.2 %

Canadian National Railway stock traded up $0.23 during trading hours on Wednesday, hitting $97.82. The stock had a trading volume of 485,591 shares, compared to its average volume of 1,280,795. The business's 50 day simple moving average is $98.81 and its 200-day simple moving average is $104.08. Canadian National Railway has a one year low of $91.65 and a one year high of $130.63. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The stock has a market cap of $61.48 billion, a price-to-earnings ratio of 19.11, a P/E/G ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced 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%. On average, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.52%. Canadian National Railway's dividend payout ratio is presently 47.66%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CNI shares. Bank of America decreased their target price on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a report on Wednesday, January 8th. Raymond James downgraded Canadian National Railway from a "moderate buy" rating to a "hold" rating in a research report on Tuesday. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Wells Fargo & Company reduced their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, Susquehanna decreased their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, Canadian National Railway currently has an average rating of "Moderate Buy" and an average target price of $120.36.

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.