One Capital Management LLC Purchases Shares of 4,821 Canadian National Railway Company $CNI

One Capital Management LLC purchased a new stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,821 shares of the transportation company’s stock, valued at approximately $477,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Peapack Gladstone Financial Corp increased its stake in Canadian National Railway by 11.5% in the 4th quarter. Peapack Gladstone Financial Corp now owns 3,647 shares of the transportation company’s stock valued at $361,000 after buying an additional 376 shares during the last quarter. Verity & Verity LLC increased its stake in Canadian National Railway by 5.9% in the 4th quarter. Verity & Verity LLC now owns 164,417 shares of the transportation company’s stock valued at $16,253,000 after buying an additional 9,148 shares during the last quarter. Act Two Investors LLC increased its stake in Canadian National Railway by 35.9% in the 4th quarter. Act Two Investors LLC now owns 146,385 shares of the transportation company’s stock valued at $14,470,000 after buying an additional 38,688 shares during the last quarter. Texas Yale Capital Corp. increased its stake in Canadian National Railway by 19.4% in the 4th quarter. Texas Yale Capital Corp. now owns 9,561 shares of the transportation company’s stock valued at $945,000 after buying an additional 1,554 shares during the last quarter. Finally, Patrick Mauro Investment Advisor INC. increased its stake in Canadian National Railway by 0.4% in the 4th quarter. Patrick Mauro Investment Advisor INC. now owns 35,349 shares of the transportation company’s stock valued at $3,494,000 after buying an additional 143 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

NYSE CNI opened at $119.45 on Friday. The company has a quick ratio of 0.49, a current ratio of 0.67 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $72.59 billion, a P/E ratio of 21.72, a P/E/G ratio of 2.29 and a beta of 0.96. Canadian National Railway Company has a 12-month low of $90.74 and a 12-month high of $122.48. The firm has a 50-day moving average price of $111.20 and a two-hundred day moving average price of $104.52.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.85 EPS. Analysts anticipate that Canadian National Railway Company will post 5.76 earnings per share for the current year.

Canadian National Railway Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be issued a $0.915 dividend. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a yield of 3.1%. Canadian National Railway’s payout ratio is currently 48.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Sanford C. Bernstein lifted their price target on shares of Canadian National Railway from $113.88 to $117.36 and gave the company a “market perform” rating in a research note on Tuesday, March 31st. Citigroup boosted their price objective on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Weiss Ratings upgraded shares of Canadian National Railway from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 20th. Barclays boosted their price objective on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Nine investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $122.04.

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.