Northwestern Mutual Wealth Management Co. Acquires 9,723 Shares of Canadian National Railway Company $CNI

Northwestern Mutual Wealth Management Co. lifted its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 43.6% in the fourth quarter, HoldingsChannel reports. The fund owned 32,018 shares of the transportation company’s stock after buying an additional 9,723 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in Canadian National Railway were worth $3,165,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CNI. Lazard Asset Management LLC lifted its holdings in shares of Canadian National Railway by 639,137.0% in the 3rd quarter. Lazard Asset Management LLC now owns 8,955,711 shares of the transportation company’s stock worth $844,353,000 after acquiring an additional 8,954,310 shares during the last quarter. Troy Asset Management Ltd raised its holdings in Canadian National Railway by 158.8% during the 3rd quarter. Troy Asset Management Ltd now owns 2,738,372 shares of the transportation company’s stock valued at $258,220,000 after buying an additional 1,680,223 shares during the last quarter. Quadrature Capital Ltd raised its holdings in Canadian National Railway by 1,693.5% during the 3rd quarter. Quadrature Capital Ltd now owns 1,739,700 shares of the transportation company’s stock valued at $164,043,000 after buying an additional 1,642,700 shares during the last quarter. Bank of America Corp DE raised its holdings in Canadian National Railway by 52.0% during the 3rd quarter. Bank of America Corp DE now owns 2,733,973 shares of the transportation company’s stock valued at $257,814,000 after buying an additional 935,425 shares during the last quarter. Finally, Fiera Capital Corp raised its holdings in Canadian National Railway by 11.6% during the 3rd quarter. Fiera Capital Corp now owns 6,471,710 shares of the transportation company’s stock valued at $610,076,000 after buying an additional 671,127 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CNI. Citigroup upped their price target on shares of Canadian National Railway from $123.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, April 30th. Stephens lowered their price target on shares of Canadian National Railway from $105.00 to $100.00 and set an “equal weight” rating for the company in a report on Monday, February 2nd. Barclays upped their price target on shares of Canadian National Railway from $98.00 to $99.00 and gave the company an “equal weight” rating in a report on Thursday, April 30th. Royal Bank Of Canada upped their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a report on Thursday, April 30th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Canadian National Railway in a report on Monday, February 2nd. Nine analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway presently has a consensus rating of “Hold” and an average target price of $122.04.

Canadian National Railway Stock Up 0.0%

NYSE:CNI opened at $114.24 on Tuesday. The firm’s 50-day moving average price is $108.41 and its 200-day moving average price is $103.21. The company has a market capitalization of $69.43 billion, a PE ratio of 20.77, a P/E/G ratio of 2.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.67 and a quick ratio of 0.49. Canadian National Railway Company has a 1-year low of $90.74 and a 1-year high of $115.80.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 EPS for the quarter, meeting the consensus estimate of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the prior year, the firm posted $1.85 EPS. Canadian National Railway’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts predict that Canadian National Railway Company will post 5.76 EPS for the current fiscal year.

Canadian National Railway Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio is 48.73%.

Canadian National Railway Profile

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.