Hillsdale Investment Management Inc. Buys 39,627 Shares of Canadian National Railway (NYSE:CNI)

Hillsdale Investment Management Inc. lifted its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 219.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,717 shares of the transportation company's stock after buying an additional 39,627 shares during the quarter. Hillsdale Investment Management Inc.'s holdings in Canadian National Railway were worth $5,854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. National Bank of Canada FI raised its position in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after acquiring an additional 2,137,948 shares during the last quarter. Canoe Financial LP acquired a new position in Canadian National Railway in the fourth quarter valued at about $216,943,000. Point72 Asset Management L.P. bought a new position in Canadian National Railway during the third quarter worth about $159,907,000. Wellington Management Group LLP increased its stake in shares of Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock valued at $2,175,935,000 after acquiring an additional 790,420 shares during the last quarter. Finally, Toronto Dominion Bank raised its position in shares of Canadian National Railway by 64.5% in the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company's stock valued at $174,813,000 after acquiring an additional 584,832 shares during the period. 80.74% of the stock is owned by institutional investors.

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Canadian National Railway Stock Performance

Shares of CNI traded up $1.71 during mid-day trading on Wednesday, hitting $100.06. 1,904,814 shares of the company's stock were exchanged, compared to its average volume of 1,190,611. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm has a market cap of $62.88 billion, a price-to-earnings ratio of 19.54, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The stock's 50-day simple moving average is $101.19 and its 200-day simple moving average is $106.83. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $132.73.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts' consensus estimates 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 expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

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

Analyst Upgrades and Downgrades

CNI has been the topic of a number of recent analyst reports. Susquehanna reduced their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company lowered their target price on 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. Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Evercore ISI raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reduced their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $124.19.

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.