Savvy Advisors Inc. Acquires Shares of 2,072 Canadian National Railway (NYSE:CNI)

Savvy Advisors Inc. bought a new position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,072 shares of the transportation company’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new stake in Canadian National Railway during the fourth quarter worth $25,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at $30,000. Lee Danner & Bass Inc. bought a new stake in shares of Canadian National Railway during the 4th quarter worth $30,000. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

CNI has been the topic of several research reports. TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Stifel Nicolaus lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating on the stock in a report on Monday. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Barclays lowered their target price on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 2nd. Finally, Citigroup cut their price target on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Canadian National Railway presently has a consensus rating of “Moderate Buy” and a consensus price target of $120.36.

Canadian National Railway Trading Down 1.7 %

Shares of Canadian National Railway stock opened at $98.53 on Wednesday. The company’s 50-day moving average price is $99.19 and its 200-day moving average price is $104.66. The company has a market cap of $61.92 billion, a price-to-earnings ratio of 19.24, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $130.63. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, equities analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $0.6159 dividend. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date was Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 47.66%.

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.