Insider Buying: Canadian National Railway (TSE:CNR) Insider Buys C$17,374,575.11 in Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) insider Cascade Investment, L.L.C. acquired 143,188 shares of the stock in a transaction dated Wednesday, August 7th. The stock was acquired at an average price of C$121.34 per share, with a total value of C$17,374,575.11. Following the completion of the acquisition, the insider now owns 100,592,796 shares in the company, valued at approximately C$12,206,030,459.44.

Cascade Investment, L.L.C. also recently made the following trade(s):

  • On Monday, August 12th, Cascade Investment, L.L.C. acquired 89,301 shares of Canadian National Railway stock. The stock was acquired at an average price of C$122.77 per share, with a total value of C$10,963,628.08.
  • On Friday, August 9th, Cascade Investment, L.L.C. acquired 188,936 shares of Canadian National Railway stock. The stock was acquired at an average price of C$123.84 per share, with a total value of C$23,398,063.23.

TSE:CNR opened at C$120.50 on Friday. The company has a fifty day moving average of C$122.78 and a 200 day moving average of C$120.22. Canadian National Railway has a 52 week low of C$96.46 and a 52 week high of C$127.96. The company has a quick ratio of 0.34, a current ratio of 0.69 and a debt-to-equity ratio of 77.28. The firm has a market capitalization of $89.56 billion and a P/E ratio of 19.87.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 9th will be issued a dividend of $0.5375 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.15 dividend on an annualized basis and a yield of 1.78%. Canadian National Railway’s dividend payout ratio is currently 32.74%.

A number of brokerages have recently weighed in on CNR. JPMorgan Chase & Co. boosted their price objective on shares of Canadian National Railway from C$122.00 to C$125.00 in a report on Monday, July 29th. National Bank Financial lowered their price objective on shares of Canadian National Railway from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a report on Thursday, June 27th. Desjardins boosted their price objective on shares of Canadian National Railway from C$128.00 to C$129.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. UBS Group lowered their price objective on shares of Canadian National Railway from C$127.00 to C$126.00 in a report on Wednesday, July 24th. Finally, Royal Bank of Canada boosted their price objective on shares of Canadian National Railway from C$127.00 to C$128.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 24th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$125.09.

Canadian National Railway Company Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Insider Buying and Selling by Quarter for Canadian National Railway (TSE:CNR)

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