Canadian National Railway (NYSE:CNI) Shares Bought by Douglass Winthrop Advisors LLC

Douglass Winthrop Advisors LLC increased its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 1.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,011,923 shares of the transportation company's stock after acquiring an additional 12,473 shares during the period. Canadian National Railway makes up about 2.3% of Douglass Winthrop Advisors LLC's investment portfolio, making the stock its 17th biggest position. Douglass Winthrop Advisors LLC owned approximately 0.16% of Canadian National Railway worth $118,547,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in Canadian National Railway by 4,614.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company's stock valued at $157,896,000 after buying an additional 1,307,689 shares in the last quarter. Manning & Napier Advisors LLC purchased a new stake in Canadian National Railway in the 2nd quarter valued at approximately $134,096,000. 1832 Asset Management L.P. lifted 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 buying an additional 674,536 shares in the last quarter. Fiera Capital Corp lifted its stake in Canadian National Railway by 13.3% in the 2nd quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company's stock valued at $643,503,000 after buying an additional 638,817 shares in the last quarter. Finally, Ninety One UK Ltd lifted its stake in Canadian National Railway by 125.9% in the 2nd quarter. Ninety One UK Ltd now owns 1,096,901 shares of the transportation company's stock valued at $129,590,000 after buying an additional 611,252 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Stock Up 0.4 %

NYSE CNI traded up $0.50 during trading hours on Monday, hitting $111.74. The company had a trading volume of 1,849,543 shares, compared to its average volume of 1,124,834. Canadian National Railway has a fifty-two week low of $105.28 and a fifty-two week high of $134.02. The company has a market capitalization of $70.37 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 2.51 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The firm's 50 day moving average is $112.96 and its 200 day moving average is $117.00.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Sell-side analysts anticipate that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.6108 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.19%. Canadian National Railway's dividend payout ratio is presently 39.26%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CNI. Citigroup raised Canadian National Railway from a "neutral" rating to a "buy" rating and upped their target price for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Royal Bank of Canada raised Canadian National Railway from a "sector perform" rating to an "outperform" rating in a research note on Thursday, October 10th. Evercore ISI reduced their price target on 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. Bank of America lowered Canadian National Railway from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $129.00 to $122.00 in a research note on Friday, October 4th. Finally, Stephens reissued an "equal weight" rating and set a $116.00 price target on shares of Canadian National Railway in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Hold" and an average price target of $125.48.

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.