Douglass Winthrop Advisors LLC Purchases 24,145 Shares of Canadian National Railway (NYSE:CNI)

Douglass Winthrop Advisors LLC lifted its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,036,068 shares of the transportation company's stock after purchasing an additional 24,145 shares during the quarter. Canadian National Railway comprises about 2.0% of Douglass Winthrop Advisors LLC's investment portfolio, making the stock its 20th biggest position. Douglass Winthrop Advisors LLC owned about 0.16% of Canadian National Railway worth $105,171,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. bought a new position in Canadian National Railway during the fourth quarter valued at $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway in the fourth quarter worth about $30,000. Addison Advisors LLC increased its stake in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after acquiring an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after purchasing an additional 108 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in shares of Canadian National Railway in the 4th quarter valued at approximately $59,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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Canadian National Railway Stock Down 0.3 %

Canadian National Railway stock traded down $0.27 during midday trading on Tuesday, hitting $98.43. 911,666 shares of the company's stock were exchanged, compared to its average volume of 1,187,429. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $61.85 billion, a PE ratio of 19.22, a P/E/G ratio of 1.95 and a beta of 0.91. The firm has a 50-day moving average of $101.24 and a two-hundred day moving average of $106.99. Canadian National Railway has a 12 month low of $93.64 and a 12 month high of $132.73.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued 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 net margin of 26.09% and a return on equity of 22.48%. As a group, analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date of this dividend is Monday, March 10th. Canadian National Railway's dividend payout ratio is 47.66%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CNI. Bank of America decreased their price target 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. Susquehanna reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Stifel Nicolaus upped their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, January 31st. Wells Fargo & Company decreased their price objective on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $124.19.

Canadian National Railway Company 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.