Canadian National Railway (TSE:CNR) Insider Buys C$23,398,063.23 in Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) insider Cascade Investment, L.L.C. acquired 188,936 shares of the company’s stock in a transaction dated Friday, August 9th. The stock was acquired at an average price of C$123.84 per share, for a total transaction of C$23,398,063.23. Following the acquisition, the insider now owns 101,048,265 shares in the company, valued at approximately C$12,513,939,608.10.

Cascade Investment, L.L.C. also recently made the following trade(s):

  • On Monday, August 12th, Cascade Investment, L.L.C. acquired 89,301 shares of Canadian National Railway stock. The stock was acquired at an average price of C$122.77 per share, for a total transaction of C$10,963,628.08.
  • On Wednesday, August 7th, Cascade Investment, L.L.C. acquired 143,188 shares of Canadian National Railway stock. The stock was acquired at an average price of C$121.34 per share, for a total transaction of C$17,374,575.11.

TSE:CNR opened at C$120.50 on Friday. The stock’s 50 day moving average price is C$122.78 and its 200 day moving average price is C$120.22. The company has a market capitalization of $89.56 billion and a PE ratio of 19.87. The company has a quick ratio of 0.34, a current ratio of 0.69 and a debt-to-equity ratio of 77.28. Canadian National Railway has a 52-week low of C$96.46 and a 52-week high of C$127.96.

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 9th will be paid a dividend of $0.5375 per share. The ex-dividend date is Friday, September 6th. This represents a $2.15 dividend on an annualized basis and a yield of 1.78%. Canadian National Railway’s dividend payout ratio is presently 32.74%.

A number of research firms have recently commented on CNR. Raymond James reiterated an “outperform” rating and issued a C$135.00 price objective on shares of Canadian National Railway in a report on Wednesday, July 24th. Royal Bank of Canada increased their price objective on Canadian National Railway from C$127.00 to C$128.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Cormark increased their price objective on Canadian National Railway from C$99.00 to C$101.00 in a report on Wednesday, July 24th. BMO Capital Markets increased their price objective on Canadian National Railway from C$125.00 to C$126.00 in a report on Wednesday, July 24th. Finally, National Bank Financial dropped their price objective on Canadian National Railway from C$126.00 to C$124.00 and set a “sector perform” rating on the stock in a report on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$125.09.

About Canadian National Railway

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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Insider Buying and Selling by Quarter for Canadian National Railway (TSE:CNR)

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