Canadian National Railway (NYSE:CNI) Shares Bought by Weybosset Research & Management LLC

Weybosset Research & Management LLC grew its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 90,156 shares of the transportation company’s stock after purchasing an additional 635 shares during the quarter. Canadian National Railway makes up approximately 4.0% of Weybosset Research & Management LLC’s portfolio, making the stock its 9th largest holding. Weybosset Research & Management LLC’s holdings in Canadian National Railway were worth $10,915,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Ahrens Investment Partners LLC acquired a new stake in Canadian National Railway during the 1st quarter valued at $26,000. CoreCap Advisors LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $29,000. ICA Group Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at $53,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in Canadian National Railway during the 1st quarter worth about $54,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in Canadian National Railway by 24.3% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 466 shares of the transportation company’s stock valued at $55,000 after purchasing an additional 91 shares during the last quarter. 67.60% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CNI shares. Citigroup decreased their target price on shares of Canadian National Railway from $125.00 to $122.00 in a research report on Tuesday, July 11th. Susquehanna decreased their price objective on Canadian National Railway from $122.00 to $120.00 in a report on Wednesday, July 26th. Raymond James upgraded Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, September 14th. CIBC decreased their price target on Canadian National Railway from C$177.00 to C$175.00 in a research note on Wednesday, July 26th. Finally, StockNews.com began coverage on Canadian National Railway in a report on Thursday, August 17th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $145.71.

Canadian National Railway Price Performance

CNI opened at $115.72 on Tuesday. Canadian National Railway has a 52-week low of $103.79 and a 52-week high of $129.89. The company has a 50 day moving average of $115.14 and a two-hundred day moving average of $116.96. The company has a market cap of $75.63 billion, a P/E ratio of 19.82, a P/E/G ratio of 3.16 and a beta of 0.91. The company has a quick ratio of 0.72, a current ratio of 0.93 and a debt-to-equity ratio of 0.78.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, July 25th. The transportation company reported $1.31 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.06). Canadian National Railway had a net margin of 30.21% and a return on equity of 24.62%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.13 billion. On average, analysts expect that Canadian National Railway will post 5.55 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be paid a $0.5996 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.07%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is 39.73%.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in rail and related transportation business. The company offers rail services, which include equipment, custom brokage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services including temperature controlled cargo, port partnership, transloading and distribution, logistic parks, customs brokerage, trucking, and moving grains in containers.