Weybosset Research & Management LLC Acquires 4,993 Shares of Canadian National Railway Company $CNI

Weybosset Research & Management LLC increased its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 86,467 shares of the transportation company’s stock after buying an additional 4,993 shares during the period. Canadian National Railway accounts for approximately 2.6% of Weybosset Research & Management LLC’s holdings, making the stock its 20th biggest holding. Weybosset Research & Management LLC’s holdings in Canadian National Railway were worth $8,886,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. High Point Wealth Management LLC acquired a new stake in Canadian National Railway in the 4th quarter valued at about $27,000. Curio Wealth LLC acquired a new position in shares of Canadian National Railway during the fourth quarter worth approximately $31,000. MidFirst Bank acquired a new position in shares of Canadian National Railway during the fourth quarter worth approximately $31,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Canadian National Railway by 378.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock valued at $35,000 after purchasing an additional 280 shares during the last quarter. Finally, Leonteq Securities AG acquired a new stake in shares of Canadian National Railway in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on CNI. Royal Bank Of Canada lifted their target price on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price target for the company from $117.00 to $122.00 in a research report on Thursday, April 9th. Sanford C. Bernstein increased their price target on 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 lifted 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 report on Thursday, April 30th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Canadian National Railway from C$164.00 to C$182.00 and gave the company an “outperformer” rating in a report on Tuesday, June 9th. Nine research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $122.04.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $113.42 on Monday. The company has a market capitalization of $68.81 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.17 and a beta of 0.96. The company has a current ratio of 0.67, a quick ratio of 0.49 and a debt-to-equity ratio of 0.95. Canadian National Railway Company has a 12 month low of $90.74 and a 12 month high of $122.48. The stock’s 50 day moving average is $114.30 and its 200-day moving average is $106.37.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting the consensus estimate of $1.31. The business had revenue of $3.15 billion for 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%. Canadian National Railway’s revenue was down .5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.85 earnings per share. Equities research analysts expect that Canadian National Railway Company will post 5.76 EPS for the current year.

Canadian National Railway Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 9th will be issued a dividend of $0.915 per share. The ex-dividend date of this dividend is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.2%. Canadian National Railway’s payout ratio is 48.55%.

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.