Callan Capital LLC Acquires Shares of 1,724 Canadian National Railway (NYSE:CNI)

Callan Capital LLC acquired a new stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 1,724 shares of the transportation company’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNI. CWM LLC raised its holdings in Canadian National Railway by 9.3% in the 3rd quarter. CWM LLC now owns 2,983 shares of the transportation company’s stock valued at $323,000 after acquiring an additional 255 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Canadian National Railway by 19.8% in the 3rd quarter. Ballentine Partners LLC now owns 2,148 shares of the transportation company’s stock valued at $233,000 after purchasing an additional 355 shares during the last quarter. PDS Planning Inc increased its stake in shares of Canadian National Railway by 2.8% in the 3rd quarter. PDS Planning Inc now owns 4,477 shares of the transportation company’s stock valued at $485,000 after purchasing an additional 122 shares during the last quarter. QV Investors Inc. increased its stake in shares of Canadian National Railway by 20.2% in the 3rd quarter. QV Investors Inc. now owns 351,379 shares of the transportation company’s stock valued at $38,228,000 after purchasing an additional 59,042 shares during the last quarter. Finally, Foresight Global Investors Inc. bought a new position in shares of Canadian National Railway in the 3rd quarter valued at $450,000. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Trading Up 0.4 %

Shares of NYSE:CNI traded up $0.45 during midday trading on Friday, reaching $125.23. The company’s stock had a trading volume of 847,446 shares, compared to its average volume of 1,025,080. The firm has a market capitalization of $79.98 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 2.18 and a beta of 0.88. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.47 and a current ratio of 0.60. The firm has a 50 day moving average price of $129.49 and a two-hundred day moving average price of $122.34. Canadian National Railway has a fifty-two week low of $103.96 and a fifty-two week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.46 by $0.02. The company had revenue of $3.28 billion for the quarter, compared to the consensus estimate of $3.25 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. As a group, analysts forecast that Canadian National Railway will post 5.92 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio (DPR) is currently 40.03%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CNI. TD Securities lowered Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Jefferies Financial Group assumed coverage on Canadian National Railway in a research note on Monday, April 8th. They issued a “hold” rating and a $130.00 price target on the stock. Stifel Nicolaus boosted their price objective 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. Susquehanna boosted their price objective on Canadian National Railway from $140.00 to $142.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Susquehanna Bancshares boosted their price objective on Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research report on Monday, January 8th. Eighteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and an average target price of $149.05.

About Canadian National Railway

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.