9,000 Shares in Canadian National Railway Company $CNI Acquired by Cherokee Insurance Co

Cherokee Insurance Co acquired a new stake in Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) in the second quarter, according to its most recent filing with the SEC. The fund acquired 9,000 shares of the transportation company’s stock, valued at approximately $936,000.

Other institutional investors have also recently made changes to their positions in the company. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 124.0% during the 2nd quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares during the period. Curio Wealth LLC grew its holdings in Canadian National Railway by 31,600.0% during the 2nd quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after buying an additional 316 shares in the last quarter. Dagco Inc. purchased a new position in Canadian National Railway during the 1st quarter valued at about $32,000. Brooklyn Investment Group increased its position in shares of Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after buying an additional 333 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Canadian National Railway by 42.7% in the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after buying an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

CNI has been the subject of several recent analyst reports. Wall Street Zen raised shares of Canadian National Railway from a “sell” rating to a “hold” rating in a research note on Saturday, October 18th. Evercore ISI boosted their price target on shares of Canadian National Railway from $98.00 to $103.00 and gave the company an “in-line” rating in a research report on Monday, November 3rd. Susquehanna upped their price target on shares of Canadian National Railway from $115.00 to $116.00 and gave the stock a “positive” rating in a report on Monday, November 3rd. Bank of America dropped their price objective on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Finally, Royal Bank Of Canada boosted their target price on Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $114.00.

Read Our Latest Stock Analysis on CNI

Canadian National Railway Stock Performance

NYSE CNI opened at $97.89 on Thursday. Canadian National Railway Company has a 52-week low of $91.07 and a 52-week high of $112.97. The company has a fifty day moving average of $94.88 and a 200-day moving average of $98.58. The company has a market capitalization of $60.35 billion, a P/E ratio of 18.82, a P/E/G ratio of 2.13 and a beta of 0.95. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last released its quarterly earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.28 by $0.05. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. During the same quarter last year, the business posted $1.72 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts predict that Canadian National Railway Company will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be given a $0.8875 dividend. This represents a $3.55 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Tuesday, December 9th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s dividend payout ratio is presently 48.01%.

About Canadian National Railway

(Free Report)

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.

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