Royal London Asset Management Ltd. Has $12.51 Million Holdings in Canadian National Railway Company $CNI

Royal London Asset Management Ltd. lessened its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 4.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,920 shares of the transportation company’s stock after selling 4,943 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Canadian National Railway were worth $12,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. bought a new stake in Canadian National Railway during the second quarter valued at about $27,000. Curio Wealth LLC bought a new position in shares of Canadian National Railway in the fourth quarter worth about $31,000. MidFirst Bank acquired a new position in shares of Canadian National Railway during the 4th quarter worth about $31,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Canadian National Railway by 378.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 354 shares of the transportation company’s stock worth $35,000 after purchasing an additional 280 shares during the last quarter. Finally, MBM Wealth Consultants LLC bought a new stake in Canadian National Railway during the 1st quarter valued at approximately $37,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CNI. Canadian Imperial Bank of Commerce raised their target price on Canadian National Railway from C$182.00 to C$185.00 and gave the company an “outperformer” rating in a report on Thursday, June 25th. Royal Bank Of Canada upped their price target on Canadian National Railway from $195.00 to $205.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Stephens raised Canadian National Railway to a “hold” rating in a research report on Wednesday, July 8th. Argus restated a “hold” rating on shares of Canadian National Railway in a research note on Monday. Finally, Susquehanna reaffirmed a “neutral” rating and set a $140.00 target price (up from $138.00) on shares of Canadian National Railway in a research report on Tuesday, July 14th. Nine research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $137.40.

Canadian National Railway Stock Down 1.0%

NYSE CNI opened at $124.81 on Tuesday. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.61 and a current ratio of 0.87. The firm has a 50-day simple moving average of $125.40 and a 200 day simple moving average of $115.81. Canadian National Railway Company has a twelve month low of $90.74 and a twelve month high of $131.55. The stock has a market cap of $75.53 billion, a PE ratio of 22.13, a PEG ratio of 2.35 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.11. The firm had revenue of $3.35 billion for the quarter, compared to analyst estimates of $3.26 billion. Canadian National Railway had a return on equity of 22.22% and a net margin of 26.92%.The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.87 earnings per share. On average, research analysts forecast that Canadian National Railway Company will post 5.81 EPS for the current year.

Canadian National Railway Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 8th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. Canadian National Railway’s payout ratio is currently 47.34%.

Canadian National Railway Company Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.