LVW Advisors LLC Buys 1,760 Shares of Canadian National Railway (NYSE:CNI)

LVW Advisors LLC boosted its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 59.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,696 shares of the transportation company’s stock after acquiring an additional 1,760 shares during the period. LVW Advisors LLC’s holdings in Canadian National Railway were worth $619,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CNI. D.B. Root & Company LLC boosted its holdings in shares of Canadian National Railway by 52.1% during the 1st quarter. D.B. Root & Company LLC now owns 2,955 shares of the transportation company’s stock worth $389,000 after buying an additional 1,012 shares in the last quarter. Grimes & Company Inc. boosted its holdings in shares of Canadian National Railway by 11.7% during the 1st quarter. Grimes & Company Inc. now owns 2,931 shares of the transportation company’s stock worth $386,000 after buying an additional 308 shares in the last quarter. Kathmere Capital Management LLC boosted its holdings in shares of Canadian National Railway by 45.9% during the 1st quarter. Kathmere Capital Management LLC now owns 10,836 shares of the transportation company’s stock worth $1,427,000 after buying an additional 3,411 shares in the last quarter. Atwater Malick LLC boosted its holdings in shares of Canadian National Railway by 1.9% during the 1st quarter. Atwater Malick LLC now owns 73,577 shares of the transportation company’s stock worth $9,691,000 after buying an additional 1,368 shares in the last quarter. Finally, Courier Capital LLC bought a new position in shares of Canadian National Railway during the 1st quarter worth approximately $201,000. 80.74% of the stock is currently owned by institutional investors.

Canadian National Railway Stock Down 1.2 %

CNI opened at $116.69 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The stock has a market cap of $74.04 billion, a price-to-earnings ratio of 18.61, a PEG ratio of 2.07 and a beta of 0.89. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The company’s 50-day moving average price is $123.88 and its two-hundred day moving average price is $126.25.

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

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Friday, June 7th. Canadian National Railway’s payout ratio is 39.08%.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of research analyst reports. Wells Fargo & Company started coverage on Canadian National Railway in a report on Friday, June 7th. They set an “equal weight” rating and a $130.00 price target on the stock. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $145.00 in a research report on Wednesday, April 10th. Barclays upped their target price on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Stifel Nicolaus upped their target price on Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Finally, National Bank Financial raised Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Eighteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $148.95.

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.