Douglass Winthrop Advisors LLC Purchases 24,145 Shares of Canadian National Railway (NYSE:CNI)

Douglass Winthrop Advisors LLC boosted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,036,068 shares of the transportation company’s stock after acquiring an additional 24,145 shares during the quarter. Canadian National Railway accounts for approximately 2.0% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 20th largest position. Douglass Winthrop Advisors LLC’s holdings in Canadian National Railway were worth $105,171,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CNI. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at $25,000. Arlington Trust Co LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC grew its stake in shares of Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after purchasing an additional 108 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in Canadian National Railway during the fourth quarter valued at approximately $59,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $97.70 on Friday. The stock has a market cap of $61.39 billion, a PE ratio of 19.08, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $134.02. The firm has a fifty day moving average price of $101.34 and a 200-day moving average price of $107.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Equities analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio (DPR) is 47.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Barclays cut their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research report on Friday, January 17th. Loop Capital cut Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 19th. Royal Bank of Canada reduced their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Finally, TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Profile

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.