Canadian National Railway (NYSE:CNI) Stock Holdings Lifted by Choreo LLC

Choreo LLC grew its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 26.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,978 shares of the transportation company's stock after purchasing an additional 3,596 shares during the quarter. Choreo LLC's holdings in Canadian National Railway were worth $1,719,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its holdings in shares of Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock valued at $2,175,935,000 after acquiring an additional 790,420 shares during the last quarter. National Bank of Canada FI raised its position in shares of Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after acquiring an additional 2,137,948 shares during the period. Fiera Capital Corp raised its position in shares of Canadian National Railway by 0.7% during the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company's stock worth $642,828,000 after purchasing an additional 39,063 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock worth $464,002,000 after purchasing an additional 202,303 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Canadian National Railway by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock valued at $302,895,000 after acquiring an additional 158,757 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNI has been the subject of several analyst reports. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Citigroup raised shares of Canadian National Railway from a "neutral" rating to a "buy" rating and raised their price target for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. Barclays reduced their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Stephens restated an "equal weight" rating and issued a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. Finally, TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $124.19.

Canadian National Railway Trading Up 0.3 %

Shares of CNI traded up $0.35 on Tuesday, hitting $102.85. 1,601,026 shares of the stock traded hands, compared to its average volume of 1,385,497. 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 firm has a market capitalization of $64.67 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.94 and a beta of 0.91. The stock's 50 day moving average is $103.38 and its two-hundred day moving average is $110.07. Canadian National Railway has a 1 year low of $98.69 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data 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 return on equity of 22.48% and a net margin of 26.09%. As a group, sell-side analysts predict that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.40%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is presently 46.68%.

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.