Marshall Financial Group LLC Has $981,000 Position in Canadian National Railway (NYSE:CNI)

Marshall Financial Group LLC lifted its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 8,373 shares of the transportation company’s stock after acquiring an additional 164 shares during the quarter. Marshall Financial Group LLC’s holdings in Canadian National Railway were worth $981,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CNI. Canada Pension Plan Investment Board lifted its position in Canadian National Railway by 92.4% during the first quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock worth $593,911,000 after purchasing an additional 2,163,820 shares during the period. Capital International Investors lifted its position in Canadian National Railway by 18.1% during the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock worth $1,185,647,000 after purchasing an additional 1,379,976 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Canadian National Railway by 4,614.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock worth $157,896,000 after purchasing an additional 1,307,689 shares during the period. Manning & Napier Advisors LLC bought a new stake in Canadian National Railway during the second quarter worth about $134,096,000. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Canadian National Railway by 7.8% in the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after acquiring an additional 674,536 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Price Performance

CNI opened at $114.42 on Friday. The firm’s fifty day moving average price is $115.89 and its two-hundred day moving average price is $120.29. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The company has a market capitalization of $72.06 billion, a price-to-earnings ratio of 18.34, a P/E/G ratio of 2.56 and a beta of 0.88. Canadian National Railway has a 1 year low of $103.96 and a 1 year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). The company had revenue of $4.33 billion during the quarter, compared to analysts’ expectations of $4.40 billion. Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. Canadian National Railway’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same period last year, the firm posted $1.31 earnings per share. As a group, analysts anticipate that Canadian National Railway will post 5.54 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 6th were issued a $0.614 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend was Friday, September 6th. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.26%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CNI shares. National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research report on Thursday, June 27th. Sanford C. Bernstein cut their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price on the stock in a research report on Monday, October 7th. Citigroup started coverage on shares of Canadian National Railway in a research report on Wednesday, October 9th. They set a “neutral” rating and a $125.00 target price on the stock. Finally, Bank of America downgraded shares of Canadian National Railway from a “buy” rating to a “neutral” rating and cut their target price for the stock from $129.00 to $122.00 in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $126.02.

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.