Canadian National Railway (NYSE:CNI) Receives News Impact Rating of 0.11

Several other large investors have also modified their holdings of CNI. Dean Capital Investments Management LLC acquired a new position in shares of Canadian National Railway in the fourth quarter valued at about $205,000. Goodman Financial Corp acquired a new position in shares of Canadian National Railway in the fourth quarter valued at about $165,000. The Jones Collombin Investment Counsel Inc holds 81,020 shares with $6.72 million value, down from 85,005 last quarter. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Canadian National Railway by 0.3% during the 3rd quarter. Greystone Managed Investments Inc sold 48,179 shares as Canadian Pac Ry Ltd (CP)'s stock rose 4.01%. Finally, Sowell Financial Services LLC acquired a new position in shares of Canadian National Railway in the third quarter valued at about $200,000. Harding Loevner LP now owns 180,965,047 shares of the transportation company's stock worth $366,305,000 after acquiring an additional 174,805,844 shares in the last quarter.

A number of brokerages recently weighed in on CNI. On Wednesday, October 18 the stock rating was maintained by Morgan Stanley with "Overweight".

According to Zacks, analysts expect that Canadian Pacific Railway will report full-year earnings of $10.45 per share for the current fiscal year, with EPS estimates ranging from $9.96 to $10.83. Bernstein maintained it with "Outperform" rating and $170 target in Thursday, April 21 report. The stock of Canadian Pacific Railway Limited (NYSE:CP) has "Overweight" rating given on Thursday, October 12 by JP Morgan. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. Canadian National Railway now has a consensus rating of "Hold" and a consensus price target of $81.38.

Shares of Canadian National Railway (CNI) traded up $0.66 during trading hours on Friday, reaching $75.11. Advisor Group Inc. now owns 23,534 shares of the transportation company's stock worth $1,895,000 after acquiring an additional 1,892 shares during the last quarter. Canadian National Railway's dividend payout ratio is now 34.38%. Canadian National Railway has a 12-month low of $69.73 and a 12-month high of $85.73. The stock has a market cap of $61.51 billion, a price-to-earnings ratio of 19.58 and a beta of 1.11.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 29th. Investors of record on Thursday, March 8th will be paid a $0.3665 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.33. This represents a $1.47 annualized dividend and a yield of 1.95%. Canadian National Railway's dividend payout ratio is 22.66%.

Canadian National Railway announced that its Board of Directors has initiated a stock buyback plan on Tuesday, October 24th that allows the company to repurchase 31,000,000 outstanding shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company's board believes its shares are undervalued.

TRADEMARK VIOLATION NOTICE: This article was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. Canadian National Railway's dividend payout ratio (DPR) is now 23.23%. The Company's network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America.

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