Charles Schwab Investment Management Inc. Purchases 66,531 Shares of Canadian National Railway (NYSE:CNI)

Charles Schwab Investment Management Inc. grew its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,368,496 shares of the transportation company's stock after purchasing an additional 66,531 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.22% of Canadian National Railway worth $160,419,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. 1832 Asset Management L.P. increased its stake in Canadian National Railway by 7.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company's stock valued at $1,106,361,000 after purchasing an additional 674,536 shares in the last quarter. JARISLOWSKY FRASER Ltd raised its stake in Canadian National Railway by 1.2% during the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company's stock worth $1,017,315,000 after acquiring an additional 99,716 shares during the period. Fiera Capital Corp raised its stake in shares of Canadian National Railway by 0.7% during the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company's stock valued at $642,828,000 after purchasing an additional 39,063 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Canadian National Railway by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company's stock valued at $570,667,000 after buying an additional 120,453 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock valued at $464,002,000 after purchasing an additional 202,303 shares during the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock traded up $0.54 during trading on Monday, reaching $111.78. 1,823,660 shares of the company's stock were exchanged, compared to its average volume of 1,120,468. The firm's 50-day moving average price is $113.14 and its 200 day moving average price is $117.11. The company has a market cap of $70.40 billion, a P/E ratio of 17.83, a PEG ratio of 2.51 and a beta of 0.89. Canadian National Railway has a 1-year low of $105.28 and a 1-year high of $134.02. 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 (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate 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 company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. The firm's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, research analysts anticipate that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business 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. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date is Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is currently 39.26%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CNI shares. Royal Bank of Canada upgraded shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. Veritas upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, October 23rd. Wells Fargo & Company raised Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price target on the stock in a research note on Monday, October 7th. Evercore ISI lowered their target price on shares of Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating on the stock in a research note on Wednesday, October 23rd. Finally, Barclays increased 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. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $125.48.

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.