Canadian National Railway (NYSE:CNI) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 29.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 3,306,192 shares of the transportation company's stock after buying an additional 743,712 shares during the period. Geode Capital Management LLC owned approximately 0.53% of Canadian National Railway worth $340,987,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CNI. XTX Topco Ltd raised its holdings in Canadian National Railway by 43.3% in the 3rd quarter. XTX Topco Ltd now owns 15,552 shares of the transportation company's stock worth $1,822,000 after acquiring an additional 4,698 shares during the last quarter. Unigestion Holding SA lifted its holdings in shares of Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company's stock valued at $18,012,000 after purchasing an additional 120,687 shares in the last quarter. Synovus Financial Corp boosted its position in shares of Canadian National Railway by 82.3% during the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock valued at $1,625,000 after buying an additional 6,261 shares during the last quarter. Sustainable Insight Capital Management LLC bought a new stake in Canadian National Railway in the 4th quarter worth about $436,000. Finally, Two Sigma Advisers LP raised its position in Canadian National Railway by 123.7% in the 3rd quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company's stock worth $20,170,000 after buying an additional 95,200 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

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Canadian National Railway Stock Down 3.5 %

Shares of CNI traded down $3.45 during mid-day trading on Thursday, hitting $94.87. The company's stock had a trading volume of 649,469 shares, compared to its average volume of 1,476,121. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company's 50-day moving average is $99.46 and its 200-day moving average is $105.17. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $132.27. The firm has a market capitalization of $59.62 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 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%. On average, equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date of this dividend was Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.60%. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.

Wall Street Analyst Weigh In

CNI has been the subject of several research reports. Stifel Nicolaus boosted their price objective 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. Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. Barclays cut their price objective on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Susquehanna lowered their target price on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a report on Thursday, March 27th. Finally, Citigroup dropped their target price on Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus target price of $121.19.

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.