1,649 Shares in Canadian National Railway (NYSE:CNI) Bought by Pathway Financial Advisers LLC

Pathway Financial Advisers LLC purchased a new stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,649 shares of the transportation company’s stock, valued at approximately $217,000.

A number of other hedge funds also recently bought and sold shares of the business. Bfsg LLC raised its stake in shares of Canadian National Railway by 110.5% in the first quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after acquiring an additional 105 shares during the period. GAMMA Investing LLC raised its stake in shares of Canadian National Railway by 766.7% in the first quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after acquiring an additional 207 shares during the period. Keener Financial Planning LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $46,000. Rational Advisors LLC purchased a new stake in shares of Canadian National Railway in the first quarter valued at $49,000. Finally, Knuff & Co LLC purchased a new stake in shares of Canadian National Railway in the fourth quarter valued at $50,000. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 0.8 %

Shares of NYSE:CNI traded down $0.90 during trading on Friday, reaching $112.35. The stock had a trading volume of 1,305,366 shares, compared to its average volume of 1,232,382. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a market capitalization of $70.72 billion, a P/E ratio of 17.92, a PEG ratio of 2.30 and a beta of 0.89. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $119.99 and its 200 day simple moving average is $125.11.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The firm had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. Canadian National Railway had a net margin of 32.00% and a return on equity of 23.58%. The firm’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.31 earnings per share. As a group, research analysts expect that Canadian National Railway will post 5.64 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be given a $0.614 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, September 6th. Canadian National Railway’s payout ratio is currently 39.23%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. StockNews.com downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Wednesday, May 22nd. Barclays cut their price target on shares of Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 24th. Susquehanna cut their price target on shares of Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a report on Wednesday, July 24th. Scotiabank upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 10th. Finally, Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Wednesday, July 24th. Sixteen equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $138.35.

Canadian National Railway Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.