Notis McConarty Edward Has $4.47 Million Holdings in Canadian National Railway (NYSE:CNI)

Notis McConarty Edward raised its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,315 shares of the transportation company’s stock after acquiring an additional 430 shares during the quarter. Canadian National Railway comprises approximately 2.1% of Notis McConarty Edward’s investment portfolio, making the stock its 18th biggest holding. Notis McConarty Edward’s holdings in Canadian National Railway were worth $4,468,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Shine Investment Advisory Services Inc. grew its position in shares of Canadian National Railway by 9.4% during the 1st quarter. Shine Investment Advisory Services Inc. now owns 1,270 shares of the transportation company’s stock worth $114,000 after buying an additional 109 shares during the period. Smith Moore & CO. grew its position in shares of Canadian National Railway by 1.6% during the 1st quarter. Smith Moore & CO. now owns 7,082 shares of the transportation company’s stock worth $634,000 after buying an additional 112 shares during the period. Private Capital Group LLC grew its position in shares of Canadian National Railway by 7.3% during the 1st quarter. Private Capital Group LLC now owns 1,719 shares of the transportation company’s stock worth $154,000 after buying an additional 117 shares during the period. Regentatlantic Capital LLC grew its position in shares of Canadian National Railway by 2.6% during the 2nd quarter. Regentatlantic Capital LLC now owns 4,746 shares of the transportation company’s stock worth $439,000 after buying an additional 120 shares during the period. Finally, Cornerstone Advisors Inc. grew its position in shares of Canadian National Railway by 8.2% during the 2nd quarter. Cornerstone Advisors Inc. now owns 1,607 shares of the transportation company’s stock worth $149,000 after buying an additional 122 shares during the period. Hedge funds and other institutional investors own 54.52% of the company’s stock.

Several equities research analysts have recently commented on CNI shares. Goldman Sachs Group started 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. Stephens lifted their price target on shares of Canadian National Railway from $100.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 30th. Credit Suisse Group lifted their price target on shares of Canadian National Railway from $101.00 to $104.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 24th. Stifel Nicolaus lifted their price target on shares of Canadian National Railway from $87.00 to $90.00 and gave the stock a “hold” rating in a research report on Tuesday, April 30th. Finally, BMO Capital Markets upgraded shares of Canadian National Railway to a “market perform” rating and set a $125.00 price target for the company in a research report on Tuesday, April 30th. They noted that the move was a valuation call. Ten research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Canadian National Railway has an average rating of “Hold” and an average target price of $98.78.

Canadian National Railway stock traded down $0.86 during midday trading on Monday, hitting $92.17. 27,531 shares of the stock were exchanged, compared to its average volume of 818,499. The firm has a fifty day moving average price of $93.24. Canadian National Railway has a 52 week low of $70.36 and a 52 week high of $96.49. The stock has a market capitalization of $66.06 billion, a PE ratio of 22.14, a PEG ratio of 1.83 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.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.47. Canadian National Railway had a net margin of 29.50% and a return on equity of 24.15%. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $3.94 billion. During the same quarter last year, the firm earned $1.51 EPS. Canadian National Railway’s quarterly revenue was up 9.0% compared to the same quarter last year. On average, research analysts forecast that Canadian National Railway will post 4.71 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 9th will be paid a dividend of $0.411 per share. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.40. The ex-dividend date is Friday, September 6th. This represents a $1.64 annualized dividend and a yield of 1.78%. Canadian National Railway’s dividend payout ratio (DPR) is presently 38.94%.

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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