Cumberland Partners Ltd Increases Stock Position in Canadian National Railway (NYSE:CNI)

Cumberland Partners Ltd increased its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 6.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 278,413 shares of the transportation company's stock after buying an additional 16,630 shares during the period. Canadian National Railway comprises 2.3% of Cumberland Partners Ltd's portfolio, making the stock its 15th largest holding. Cumberland Partners Ltd's holdings in Canadian National Railway were worth $32,633,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway during the second quarter worth approximately $26,000. Addison Advisors LLC boosted its stake 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 raised its holdings in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock valued at $30,000 after purchasing an additional 229 shares during the period. ORG Partners LLC bought a new position in Canadian National Railway in the 2nd quarter valued at about $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of 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 Price Performance

CNI stock traded down $0.07 on Tuesday, reaching $111.57. The company had a trading volume of 1,094,848 shares, compared to its average volume of 1,116,188. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The company has a market cap of $70.16 billion, a P/E ratio of 17.89, a PEG ratio of 2.49 and a beta of 0.89. The company's fifty day moving average is $114.58 and its 200 day moving average is $118.03. Canadian National Railway has a 1 year low of $107.54 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results 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 analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $1.26 EPS. On average, research analysts forecast that Canadian National Railway will post 5.52 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 paid a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a yield of 2.19%. Canadian National Railway's dividend payout ratio (DPR) is currently 39.90%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNI. Veritas upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. Barclays lifted their price target on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 25th. Royal Bank of Canada raised shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating in a report on Thursday, October 10th. Susquehanna dropped their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein dropped their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating on the stock in a research note on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of "Hold" and an average target price 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.