Avantax Advisory Services Inc. Has $1.66 Million Stock Position in Canadian National Railway (NYSE:CNI)

Avantax Advisory Services Inc. grew its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,222 shares of the transportation company’s stock after buying an additional 1,224 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Canadian National Railway were worth $1,661,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CNI. Knights of Columbus Asset Advisors LLC raised its stake in shares of Canadian National Railway by 5.7% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 2,278 shares of the transportation company’s stock valued at $247,000 after purchasing an additional 122 shares during the period. JFS Wealth Advisors LLC lifted its stake in Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 229 shares in the last quarter. US Bancorp DE lifted its stake in Canadian National Railway by 7.2% in the 3rd quarter. US Bancorp DE now owns 95,160 shares of the transportation company’s stock valued at $10,309,000 after acquiring an additional 6,394 shares in the last quarter. Fortis Capital Management LLC acquired a new position in Canadian National Railway during the 3rd quarter worth approximately $704,000. Finally, Signaturefd LLC grew its stake in shares of Canadian National Railway by 1.0% during the 3rd quarter. Signaturefd LLC now owns 10,739 shares of the transportation company’s stock worth $1,163,000 after acquiring an additional 110 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CNI. StockNews.com lowered shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a research report on Wednesday, April 24th. Stifel Nicolaus raised their price objective on Canadian National Railway from $121.00 to $134.00 and gave the company a “hold” rating in a report on Friday, April 12th. Bank of America upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Finally, Stephens restated an “equal weight” rating and issued a $140.00 price target on shares of Canadian National Railway in a research note on Wednesday, April 24th. Eighteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Canadian National Railway has an average rating of “Hold” and an average target price of $149.05.

Canadian National Railway Trading Up 0.6 %

CNI stock opened at $127.34 on Friday. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The stock has a market cap of $81.07 billion, a price-to-earnings ratio of 20.31, a price-to-earnings-growth ratio of 2.22 and a beta of 0.89. The company has a fifty day moving average price of $128.08 and a two-hundred day moving average price of $124.25. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.01. Canadian National Railway had a net margin of 32.81% and a return on equity of 23.27%. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Equities analysts anticipate that Canadian National Railway will post 5.9 EPS for the current year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date is Friday, June 7th. Canadian National Railway’s dividend payout ratio is presently 39.71%.

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.