Vanguard Group Inc. Raises Stock Holdings in Canadian National Railway (NYSE:CNI)

Vanguard Group Inc. increased its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,986,678 shares of the transportation company's stock after buying an additional 101,228 shares during the period. Vanguard Group Inc. owned 3.66% of Canadian National Railway worth $2,334,251,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its position in shares of Canadian National Railway by 4.4% in the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock worth $2,175,935,000 after acquiring an additional 790,420 shares during the period. National Bank of Canada FI raised its holdings in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Fiera Capital Corp raised its holdings in Canadian National Railway by 2.6% in the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock worth $570,550,000 after purchasing an additional 142,070 shares during the period. CIBC Asset Management Inc boosted its position in Canadian National Railway by 12.6% during the fourth quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after purchasing an additional 571,967 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Canadian National Railway by 6.6% in the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock valued at $302,895,000 after purchasing an additional 158,757 shares during the period. Institutional investors and hedge funds own 80.74% of the company's stock.

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Canadian National Railway Stock Down 0.1 %

Shares of NYSE CNI traded down $0.10 on Monday, hitting $97.35. The company had a trading volume of 1,170,440 shares, compared to its average volume of 1,239,346. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 12-month low of $93.64 and a 12-month high of $132.27. The firm has a market capitalization of $61.17 billion, a P/E ratio of 19.01, a PEG ratio of 1.95 and a beta of 0.91. The business has a 50 day moving average of $100.98 and a two-hundred day moving average of $106.35.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. As a group, equities research analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.53%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is presently 47.66%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Jefferies Financial Group raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. TD Securities raised Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised shares of Canadian National Railway from a "neutral" rating to an "overweight" rating in a research report on Tuesday, January 7th. Royal Bank of Canada cut their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research note on Friday, January 31st. Finally, Susquehanna decreased their price target on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $124.02.

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.