Texas Yale Capital Corp. Buys Shares of 8,007 Canadian National Railway Company $CNI

Texas Yale Capital Corp. purchased a new position in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,007 shares of the transportation company’s stock, valued at approximately $755,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Addison Advisors LLC raised its stake in Canadian National Railway by 124.0% in the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares during the last quarter. Hollencrest Capital Management purchased a new stake in shares of Canadian National Railway during the third quarter worth about $28,000. First Horizon Corp purchased a new stake in shares of Canadian National Railway during the third quarter worth about $30,000. Costello Asset Management INC raised its position in shares of Canadian National Railway by 83.3% in the third quarter. Costello Asset Management INC now owns 330 shares of the transportation company’s stock valued at $31,000 after buying an additional 150 shares during the last quarter. Finally, Curio Wealth LLC lifted its stake in shares of Canadian National Railway by 31,600.0% during the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after buying an additional 316 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CNI. Zacks Research upgraded Canadian National Railway from a “strong sell” rating to a “hold” rating in a report on Friday, November 28th. Barclays lowered their price objective on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce upgraded Canadian National Railway from a “hold” rating to an “outperformer” rating and increased their target price for the stock from $146.00 to $151.00 in a research report on Friday, November 28th. UBS Group downgraded shares of Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. Finally, Royal Bank Of Canada cut their price objective on Canadian National Railway from $153.00 to $151.00 and set an “outperform” rating on the stock in a research report on Monday, February 2nd. Ten analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $118.91.

Canadian National Railway Stock Up 0.2%

Shares of CNI stock opened at $107.55 on Tuesday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. The business’s fifty day moving average is $99.66 and its 200-day moving average is $96.56. Canadian National Railway Company has a 1 year low of $90.74 and a 1 year high of $108.75. The stock has a market cap of $65.94 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 2.26 and a beta of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The company had revenue of $3.24 billion during the quarter, compared to the consensus estimate of $4.43 billion. During the same quarter in the prior year, the firm earned $1.82 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. Equities analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 10th will be paid a $0.915 dividend. This represents a $3.66 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.89. Canadian National Railway’s dividend payout ratio (DPR) is presently 46.59%.

About Canadian National Railway

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.