Northwestern Mutual Wealth Management Co. Has $1.62 Million Position in Canadian National Railway (NYSE:CNI)

Northwestern Mutual Wealth Management Co. increased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 11.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,687 shares of the transportation company’s stock after buying an additional 1,445 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Canadian National Railway were worth $1,617,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNI. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway in the 2nd quarter valued at about $26,000. GAMMA Investing LLC raised its stake in Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after buying an additional 207 shares during the period. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after buying an additional 148 shares during the last quarter. ORG Partners LLC bought a new position in shares of Canadian National Railway during the 2nd quarter worth approximately $34,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of Canadian National Railway during the 1st quarter worth approximately $64,000. 80.74% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CNI shares. Wells Fargo & Company dropped their price target on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. Stifel Nicolaus dropped their price objective on shares of Canadian National Railway from $137.00 to $133.00 and set a “hold” rating on the stock in a research report on Wednesday, July 24th. Stephens reduced their target price on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Evercore ISI decreased their price target on shares of Canadian National Railway from $128.00 to $119.00 and set an “in-line” rating on the stock in a research note on Wednesday, September 25th. Finally, Barclays raised their price objective on shares of Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Seventeen research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.51.

Canadian National Railway Trading Down 0.6 %

Shares of NYSE:CNI opened at $113.54 on Friday. The company has a market capitalization of $71.50 billion, a P/E ratio of 18.11, a P/E/G ratio of 2.46 and a beta of 0.88. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The business’s 50 day simple moving average is $115.54 and its 200 day simple moving average is $121.26. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 EPS for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The company had revenue of $4.33 billion during the quarter, compared to analyst estimates of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the firm earned $1.31 EPS. On average, research analysts anticipate that Canadian National Railway will post 5.58 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 6th were issued a dividend of $0.614 per share. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is presently 39.08%.

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.