Canadian National Railway (NYSE:CNI) Shares Purchased by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC raised its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 11,610.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 178,114 shares of the transportation company's stock after buying an additional 176,593 shares during the period. Pathway Financial Advisers LLC's holdings in Canadian National Railway were worth $20,866,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. GQG Partners LLC grew its stake in Canadian National Railway by 0.8% in the 1st quarter. GQG Partners LLC now owns 11,424 shares of the transportation company's stock valued at $1,505,000 after acquiring an additional 93 shares during the period. Choreo LLC lifted its holdings in Canadian National Railway by 1.5% during the first quarter. Choreo LLC now owns 6,427 shares of the transportation company's stock valued at $846,000 after purchasing an additional 97 shares in the last quarter. Grove Bank & Trust grew its position in shares of Canadian National Railway by 15.3% in the third quarter. Grove Bank & Trust now owns 730 shares of the transportation company's stock valued at $86,000 after purchasing an additional 97 shares during the period. B. Riley Wealth Advisors Inc. grew its position in shares of Canadian National Railway by 2.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company's stock valued at $547,000 after purchasing an additional 100 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in shares of Canadian National Railway by 1.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company's stock worth $1,105,000 after purchasing an additional 102 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

Canadian National Railway Stock Up 0.1 %

Shares of Canadian National Railway stock traded up $0.15 on Friday, reaching $110.97. 1,099,195 shares of the company were exchanged, compared to its average volume of 1,114,600. The stock's 50 day moving average price is $115.93 and its 200-day moving average price is $119.53. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02. The company has a market cap of $70.18 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.49%. The business had revenue of $4.11 billion during the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the previous year, the company earned $1.26 EPS. The company's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, equities analysts forecast that Canadian National Railway will post 5.5 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is 39.71%.

Analyst Ratings Changes

CNI has been the topic of a number of research analyst reports. Citigroup lifted their price target on Canadian National Railway from $125.00 to $126.00 and gave the stock a "neutral" rating in a research note on Thursday. Scotiabank upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 10th. Benchmark reissued a "hold" rating on shares of Canadian National Railway in a research note on Thursday. Susquehanna dropped their price target on Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Bank of America cut Canadian National Railway from a "buy" rating to a "neutral" rating and cut their price target for the company from $129.00 to $122.00 in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of "Hold" and a consensus target price of $125.18.

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.