Stamos Capital Partners L.P. Purchases 29,200 Shares of Canadian National Railway (NYSE:CNI)

Stamos Capital Partners L.P. lifted its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 276.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,780 shares of the transportation company's stock after buying an additional 29,200 shares during the period. Stamos Capital Partners L.P.'s holdings in Canadian National Railway were worth $4,038,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CNI. Y Intercept Hong Kong Ltd bought a new stake in shares of Canadian National Railway in the 3rd quarter worth $823,000. Geode Capital Management LLC increased its holdings in Canadian National Railway by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock worth $302,895,000 after buying an additional 158,757 shares in the last quarter. Advisory Resource Group raised its position in Canadian National Railway by 13.4% in the 3rd quarter. Advisory Resource Group now owns 8,391 shares of the transportation company's stock worth $983,000 after buying an additional 989 shares during the last quarter. SkyView Investment Advisors LLC lifted its stake in Canadian National Railway by 5.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company's stock valued at $4,712,000 after acquiring an additional 1,903 shares during the period. Finally, Wilmington Savings Fund Society FSB lifted its stake 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 acquiring an additional 2,346 shares during the period. Hedge funds and other institutional investors own 80.74% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CNI. Barclays lowered their price objective on shares of Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 2nd. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a research note on Monday, February 3rd. 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. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Susquehanna cut their price target on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a research note on Thursday, March 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has a consensus rating of "Moderate Buy" and an average target price of $120.36.

Canadian National Railway Price Performance

Shares of NYSE:CNI traded down $1.66 during trading on Tuesday, hitting $98.53. 1,106,685 shares of the company's stock were exchanged, compared to its average volume of 1,277,703. The business's 50-day simple moving average is $99.19 and its 200 day simple moving average is $104.66. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $130.63. The company has a market cap of $61.92 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.95 and a beta of 0.93.

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 (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%. As a group, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.50%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is presently 47.66%.

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.