Hickory Point Bank & Trust Takes Position in Canadian National Railway (NYSE:CNI)

Hickory Point Bank & Trust acquired a new stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,844 shares of the transportation company's stock, valued at approximately $390,000.

Several other institutional investors have also bought and sold shares of the stock. Arlington Trust Co LLC acquired a new position in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC grew its holdings in shares of Canadian National Railway by 80.2% in the 4th 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. Coastline Trust Co acquired a new stake in shares of Canadian National Railway during the third quarter worth $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of 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 last quarter. Finally, Reston Wealth Management LLC acquired a new position in shares of Canadian National Railway in the 3rd quarter valued at $41,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Stock Performance

Shares of NYSE:CNI traded up $2.70 during midday trading on Wednesday, hitting $100.17. The company's stock had a trading volume of 1,107,801 shares, compared to its average volume of 1,408,750. The stock has a market capitalization of $62.93 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.95 and a beta of 0.91. The stock's 50 day simple moving average is $102.34 and its 200 day simple moving average is $108.83. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. Canadian National Railway has a fifty-two week low of $96.28 and a fifty-two week high of $134.02.

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Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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, research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.6159 dividend. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.46%. Canadian National Railway's dividend payout ratio is presently 47.66%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CNI. Bank of America decreased their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a report on Monday, January 13th. Jefferies Financial Group raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a research note on Friday, January 10th. Barclays lowered 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 research report on Friday, January 17th. Finally, TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $124.19.

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.