First Affirmative Financial Network Has $587,000 Holdings in Canadian National Railway (NYSE:CNI)

First Affirmative Financial Network lifted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 16.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,014 shares of the transportation company’s stock after purchasing an additional 721 shares during the quarter. First Affirmative Financial Network’s holdings in Canadian National Railway were worth $587,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. D L Carlson Investment Group Inc. acquired a new stake in Canadian National Railway in the 4th quarter valued at $3,228,000. V Square Quantitative Management LLC acquired a new stake in Canadian National Railway in the 4th quarter valued at $436,000. Cardinal Capital Management Inc. boosted its stake in Canadian National Railway by 0.3% in the 4th quarter. Cardinal Capital Management Inc. now owns 451,010 shares of the transportation company’s stock valued at $56,869,000 after buying an additional 1,546 shares in the last quarter. Virtu Financial LLC acquired a new stake in Canadian National Railway in the 4th quarter valued at $816,000. Finally, Syon Capital LLC boosted its stake in Canadian National Railway by 19.2% in the 4th quarter. Syon Capital LLC now owns 7,111 shares of the transportation company’s stock valued at $893,000 after buying an additional 1,145 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their price target for the company from $129.00 to $122.00 in a research note on Friday, October 4th. The Goldman Sachs Group reduced their price objective on Canadian National Railway from $131.00 to $124.00 and set a “sell” rating on the stock in a research note on Wednesday. Citigroup initiated coverage on Canadian National Railway in a research note on Wednesday. They issued a “neutral” rating and a $125.00 price objective on the stock. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research note on Wednesday, July 24th. Finally, Susquehanna reduced their price objective on Canadian National Railway from $135.00 to $130.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Canadian National Railway currently has an average rating of “Hold” and a consensus price target of $126.02.

Canadian National Railway Trading Up 0.6 %

NYSE CNI opened at $115.84 on Friday. The stock has a 50-day simple moving average of $115.54 and a 200 day simple moving average of $120.73. The company has a market capitalization of $72.95 billion, a PE ratio of 18.56, a P/E/G ratio of 2.55 and a beta of 0.88. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.93. Canadian National Railway has a 12 month low of $103.96 and a 12 month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The business had revenue of $4.33 billion during the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter last year, the company earned $1.31 earnings per share. The firm’s revenue was up 6.7% compared to the same quarter last year. Research analysts forecast that Canadian National Railway will post 5.54 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 6th were issued a $0.614 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $2.46 annualized dividend and a dividend yield of 2.12%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.26%.

Canadian National Railway Company 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.