Cwm LLC Grows Position in Canadian National Railway (NYSE:CNI)

Cwm LLC raised its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,021 shares of the transportation company’s stock after purchasing an additional 291 shares during the quarter. Cwm LLC’s holdings in Canadian National Railway were worth $530,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Keener Financial Planning LLC purchased a new position in shares of Canadian National Railway in the 4th quarter worth about $46,000. Knuff & Co LLC purchased a new position in shares of Canadian National Railway in the 4th quarter worth about $50,000. ICA Group Wealth Management LLC purchased a new position in shares of Canadian National Railway in the 4th quarter worth about $56,000. Partnership Wealth Management LLC purchased a new position in shares of Canadian National Railway in the 4th quarter worth about $65,000. Finally, Northwest Financial Advisors purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $71,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Trading Down 1.0 %

Shares of CNI stock opened at $116.77 on Friday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.46 and a current ratio of 0.60. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02. The stock has a fifty day moving average of $124.83 and a two-hundred day moving average of $126.16. The firm has a market capitalization of $74.09 billion, a PE ratio of 18.62, a price-to-earnings-growth ratio of 2.07 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.16 billion. As a group, research analysts expect that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 39.08%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Stifel Nicolaus raised their target price on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a report on Friday, April 12th. Wells Fargo & Company assumed coverage on Canadian National Railway in a report on Friday, June 7th. They set an “equal weight” rating and a $130.00 target price on the stock. Stephens reiterated an “equal weight” rating and set a $140.00 target price on shares of Canadian National Railway in a report on Wednesday, April 24th. Finally, Barclays raised their target price on Canadian National Railway from $127.00 to $130.00 and gave the company an “equal weight” rating in a report on Thursday, April 4th. Eighteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $149.32.

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.