Zeke Capital Advisors LLC Acquires 900 Shares of Canadian National Railway (NYSE:CNI)

Zeke Capital Advisors LLC lifted its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 42,078 shares of the transportation company’s stock after buying an additional 900 shares during the quarter. Zeke Capital Advisors LLC’s holdings in Canadian National Railway were worth $3,891,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CNI. Brand Asset Management Group Inc. bought a new position in shares of Canadian National Railway during the 1st quarter valued at $36,000. Tortoise Investment Management LLC bought a new position in shares of Canadian National Railway during the 1st quarter valued at $36,000. Somerset Trust Co grew its holdings in shares of Canadian National Railway by 158.6% during the 1st quarter. Somerset Trust Co now owns 437 shares of the transportation company’s stock valued at $39,000 after purchasing an additional 268 shares during the last quarter. Icon Wealth Partners LLC bought a new position in shares of Canadian National Railway during the 1st quarter valued at $41,000. Finally, Centersquare Investment Management LLC bought a new position in shares of Canadian National Railway during the 1st quarter valued at $49,000. 54.54% of the stock is currently owned by institutional investors.

CNI traded down $0.44 during trading on Friday, hitting $93.03. 735,336 shares of the stock traded hands, compared to its average volume of 818,499. The company has a market cap of $67.36 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 1.84 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.69 and a quick ratio of 0.54. The company has a 50-day moving average price of $93.24. Canadian National Railway has a 12-month low of $70.36 and a 12-month high of $96.49.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.26 by $0.47. The business had revenue of $3.96 billion during the quarter, compared to analysts’ expectations of $3.94 billion. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.51 EPS. As a group, equities research analysts expect that Canadian National Railway will post 4.71 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 9th will be given a dividend of $0.411 per share. The ex-dividend date is Friday, September 6th. This represents a $1.64 annualized dividend and a yield of 1.77%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.40. Canadian National Railway’s dividend payout ratio is presently 38.94%.

Several equities analysts recently commented on CNI shares. Stephens increased their target price on shares of Canadian National Railway from $100.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. Desjardins lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating and set a $90.32 target price on the stock. in a report on Friday, April 12th. Royal Bank of Canada lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating and set a $92.00 target price on the stock. in a report on Tuesday, April 30th. Goldman Sachs Group assumed coverage on shares of Canadian National Railway in a research report on Wednesday, July 10th. They set a “neutral” rating and a $97.00 price target for the company. Finally, Stifel Nicolaus increased their price target on shares of Canadian National Railway from $87.00 to $90.00 and gave the company a “hold” rating in a research report on Tuesday, April 30th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Canadian National Railway currently has a consensus rating of “Hold” and a consensus target price of $98.78.

Canadian National Railway Profile

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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