Hsbc Holdings PLC Grows Stock Position in Canadian National Railway (NYSE:CNI)

Hsbc Holdings PLC lifted its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 21.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 307,762 shares of the transportation company's stock after purchasing an additional 54,903 shares during the quarter. Hsbc Holdings PLC's holdings in Canadian National Railway were worth $31,229,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Advisory Resource Group lifted its holdings in shares of Canadian National Railway by 13.4% in the 3rd quarter. Advisory Resource Group now owns 8,391 shares of the transportation company's stock valued at $983,000 after acquiring an additional 989 shares during the last quarter. SkyView Investment Advisors LLC boosted its holdings in shares of Canadian National Railway by 5.0% in the 3rd quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company's stock worth $4,712,000 after purchasing an additional 1,903 shares during the period. Wilmington Savings Fund Society FSB raised its holdings in Canadian National Railway by 115.2% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company's stock valued at $513,000 after buying an additional 2,346 shares during the period. Synovus Financial Corp boosted its stake in Canadian National Railway by 82.3% during the third quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock worth $1,625,000 after buying an additional 6,261 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in shares of Canadian National Railway by 29.6% in the 3rd quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company's stock worth $10,820,000 after acquiring an additional 21,100 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of recent analyst reports. Royal Bank of Canada reduced their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Bank of America decreased their price target on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. 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 report on Monday, January 13th. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Finally, TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $120.36.

Canadian National Railway Stock Performance

Canadian National Railway stock traded down $0.08 during mid-day trading on Tuesday, reaching $96.44. 1,441,286 shares of the company were exchanged, compared to its average volume of 1,277,502. The firm has a market cap of $60.61 billion, a PE ratio of 18.84, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. 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 firm's 50-day simple moving average is $98.42 and its two-hundred day simple moving average is $103.53. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $129.18.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $0.6159 dividend. The ex-dividend date was Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a dividend yield of 2.55%. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.

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.