L. Roy Papp & Associates LLP Has $18.89 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

L. Roy Papp & Associates LLP cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 150,323 shares of the transportation company’s stock after selling 2,312 shares during the quarter. Canadian National Railway makes up 2.3% of L. Roy Papp & Associates LLP’s portfolio, making the stock its 14th largest position. L. Roy Papp & Associates LLP’s holdings in Canadian National Railway were worth $18,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNI. Avantax Advisory Services Inc. increased its position in Canadian National Railway by 33.5% in the third quarter. Avantax Advisory Services Inc. now owns 11,998 shares of the transportation company’s stock worth $1,300,000 after purchasing an additional 3,011 shares during the period. Spire Wealth Management increased its position in Canadian National Railway by 5.0% in the third quarter. Spire Wealth Management now owns 4,602 shares of the transportation company’s stock worth $498,000 after purchasing an additional 219 shares during the period. Deutsche Bank AG increased its position in Canadian National Railway by 7.3% in the third quarter. Deutsche Bank AG now owns 5,575,661 shares of the transportation company’s stock worth $604,011,000 after purchasing an additional 378,513 shares during the period. Graham Capital Management L.P. acquired a new stake in Canadian National Railway in the third quarter worth about $1,266,000. Finally, Montrusco Bolton Investments Inc. increased its position in Canadian National Railway by 0.9% in the third quarter. Montrusco Bolton Investments Inc. now owns 1,980,291 shares of the transportation company’s stock worth $215,445,000 after purchasing an additional 16,880 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CNI shares. CIBC lowered Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Susquehanna cut their target price on Canadian National Railway from $143.00 to $140.00 and set a “neutral” rating for the company in a research report on Thursday. Citigroup upped their target price on Canadian National Railway from $121.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, January 24th. TD Securities downgraded Canadian National Railway from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Bank of America upped their price objective on Canadian National Railway from $131.00 to $140.00 and gave the stock a “neutral” rating in a research report on Thursday, March 21st. Seventeen research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Hold” and a consensus price target of $146.70.

Canadian National Railway Trading Up 0.0 %

Shares of CNI stock traded up $0.06 on Friday, hitting $131.71. The company had a trading volume of 786,867 shares, compared to its average volume of 978,102. The firm has a market cap of $84.34 billion, a P/E ratio of 20.77, a P/E/G ratio of 2.35 and a beta of 0.88. The stock’s 50-day moving average is $128.57 and its two-hundred day moving average is $119.64. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.47 and a current ratio of 0.61. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. The company had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a return on equity of 23.56% and a net margin of 33.38%. On average, equities research analysts anticipate that Canadian National Railway will post 5.96 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a dividend of $0.638 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.55 annualized dividend and a yield of 1.94%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.59%.

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.