Gold Investment Management Ltd. Purchases 307 Shares of Canadian National Railway (NYSE:CNI)

Gold Investment Management Ltd. lifted its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,721 shares of the transportation company’s stock after purchasing an additional 307 shares during the period. Canadian National Railway accounts for about 2.0% of Gold Investment Management Ltd.’s holdings, making the stock its 11th biggest position. Gold Investment Management Ltd.’s holdings in Canadian National Railway were worth $4,845,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Canadian National Railway by 29.6% in the third quarter. Principal Financial Group Inc. now owns 92,300 shares of the transportation company’s stock worth $10,820,000 after purchasing an additional 21,100 shares during the last quarter. Harbour Investments Inc. boosted its holdings in shares of Canadian National Railway by 5.3% in the 3rd quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company’s stock worth $369,000 after buying an additional 158 shares during the last quarter. Coastline Trust Co purchased a new stake in Canadian National Railway during the third quarter worth about $34,000. Natixis Advisors LLC raised its position in Canadian National Railway by 6.5% in the third quarter. Natixis Advisors LLC now owns 214,182 shares of the transportation company’s stock worth $25,091,000 after acquiring an additional 13,149 shares during the period. Finally, Banque Cantonale Vaudoise boosted its stake in Canadian National Railway by 5.2% in the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock valued at $363,000 after acquiring an additional 152 shares during the last quarter. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

NYSE:CNI opened at $97.70 on Monday. The stock has a market cap of $61.40 billion, a P/E ratio of 19.08, a PEG ratio of 1.95 and a beta of 0.91. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business’s 50-day moving average price is $101.77 and its two-hundred day moving average price is $107.84. Canadian National Railway has a twelve month low of $93.64 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. As a group, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be given a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.52%. Canadian National Railway’s dividend payout ratio (DPR) is presently 47.66%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CNI shares. Wells Fargo & Company decreased their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research report on Friday, January 10th. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Finally, Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, Canadian National Railway presently has an average rating of “Moderate Buy” and a consensus price target of $124.19.

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.