BlackDiamond Wealth Management LLC Purchases 310 Shares of Canadian National Railway (NYSE:CNI)

BlackDiamond Wealth Management LLC boosted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,397 shares of the transportation company’s stock after purchasing an additional 310 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Canadian National Railway were worth $556,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in Canadian National Railway by 7.2% during the 3rd quarter. US Bancorp DE now owns 95,160 shares of the transportation company’s stock worth $10,309,000 after buying an additional 6,394 shares during the period. Signaturefd LLC raised its position in shares of Canadian National Railway by 1.0% in the third quarter. Signaturefd LLC now owns 10,739 shares of the transportation company’s stock valued at $1,163,000 after purchasing an additional 110 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Canadian National Railway by 121.0% in the third quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after purchasing an additional 202 shares in the last quarter. Syon Capital LLC bought a new position in shares of Canadian National Railway in the third quarter valued at approximately $646,000. Finally, Summit X LLC boosted its stake in Canadian National Railway by 213.3% during the third quarter. Summit X LLC now owns 11,440 shares of the transportation company’s stock valued at $1,239,000 after buying an additional 7,788 shares during the period. 80.74% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

CNI traded down $1.45 during trading hours on Thursday, hitting $126.07. 258,095 shares of the stock were exchanged, compared to its average volume of 995,190. The stock has a market cap of $80.27 billion, a price-to-earnings ratio of 20.34, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89. The stock has a 50-day simple moving average of $127.95 and a 200-day simple moving average of $124.77. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 EPS for the quarter, topping the consensus estimate of $1.27 by $0.01. The company had revenue of $3.15 billion during 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%. Analysts anticipate that Canadian National Railway will post 5.9 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend is Friday, June 7th. Canadian National Railway’s dividend payout ratio is 39.71%.

Analyst Upgrades and Downgrades

CNI has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a report on Thursday, April 4th. Jefferies Financial Group began coverage on Canadian National Railway in a research report on Monday, April 8th. They set a “hold” rating and a $130.00 price objective on the stock. Wells Fargo & Company boosted their target price on Canadian National Railway from $110.00 to $125.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 24th. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price target for the company from $140.00 to $145.00 in a research report on Wednesday, April 10th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Eighteen analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of $149.05.

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.