Canadian National Railway (NYSE:CNI) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. increased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,573 shares of the transportation company’s stock after purchasing an additional 417 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Canadian National Railway were worth $540,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CNI. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Canadian National Railway during the 2nd quarter worth $26,000. Addison Advisors LLC raised its position in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares during the last quarter. GAMMA Investing LLC raised its position in Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock worth $31,000 after buying an additional 207 shares during the last quarter. ORG Partners LLC purchased a new position in Canadian National Railway during the 2nd quarter worth $34,000. Finally, Daiwa Securities Group Inc. purchased a new position in Canadian National Railway during the 1st quarter worth $64,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $113.54 on Friday. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The stock 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 firm’s 50-day moving average is $115.54 and its two-hundred day moving average is $121.26. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm had revenue of $4.33 billion for the quarter, compared to analyst estimates of $4.40 billion. During the same period in the prior year, the business earned $1.31 earnings per share. Canadian National Railway’s revenue for the quarter was up 6.7% on a year-over-year basis. Equities analysts predict that Canadian National Railway will post 5.58 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, September 27th. Investors of record on Friday, September 6th were given a $0.614 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.46 annualized dividend and a dividend yield of 2.16%. Canadian National Railway’s dividend payout ratio is presently 39.08%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Wells Fargo & Company cut their price target on shares of Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Bank of America downgraded shares of Canadian National Railway from a “buy” rating to a “neutral” rating and cut their price target for the company from $129.00 to $122.00 in a report on Friday. Barclays increased their price target on shares of Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a report on Wednesday, September 25th. Finally, Stephens cut their price target 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. Seventeen research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and an average price target of $129.51.

Canadian National Railway Company 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.