ROI Financial Advisors LLC Raises Position in Canadian National Railway (NYSE:CNI)

ROI Financial Advisors LLC lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.6% in the third quarter, Holdings Channel reports. The firm owned 16,306 shares of the transportation company’s stock after buying an additional 865 shares during the period. Canadian National Railway comprises about 1.3% of ROI Financial Advisors LLC’s portfolio, making the stock its 20th largest position. ROI Financial Advisors LLC’s holdings in Canadian National Railway were worth $1,910,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Canadian National Railway in the second quarter valued at about $26,000. Addison Advisors LLC lifted its stake in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 148 shares during the period. Fortitude Family Office LLC boosted its holdings in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 229 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Canadian National Railway in the second quarter worth $34,000. Finally, Reston Wealth Management LLC purchased a new position in shares of Canadian National Railway during the third quarter worth $41,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 0.1 %

Shares of NYSE:CNI opened at $111.43 on Thursday. Canadian National Railway has a 52-week low of $107.54 and a 52-week high of $134.02. The stock has a market cap of $70.07 billion, a P/E ratio of 17.86, a PEG ratio of 2.52 and a beta of 0.89. The business has a fifty day moving average of $114.46 and a two-hundred day moving average of $117.93. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Canadian National Railway’s quarterly revenue was up 3.1% on a year-over-year basis. On average, research analysts expect that Canadian National Railway will post 5.49 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%. Canadian National Railway’s dividend payout ratio is currently 39.26%.

Analysts Set New Price Targets

Several equities research analysts have commented on CNI shares. Veritas raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their price target for the company from $126.00 to $130.00 in a report on Tuesday. Evercore ISI cut their target price on shares of Canadian National Railway from $119.00 to $116.00 and set an “in-line” rating for the company in a report on Wednesday, October 23rd. Susquehanna decreased their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company raised Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price target for the company in a report on Monday, October 7th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $125.48.

About Canadian National Railway

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.