Evoke Wealth LLC Has $781,000 Holdings in Canadian National Railway (NYSE:CNI)

Evoke Wealth LLC grew its stake in shares of Canadian National Railway (NYSE:CNIFree Report) (TSE:CNR) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,220 shares of the transportation company’s stock after acquiring an additional 162 shares during the period. Evoke Wealth LLC’s holdings in Canadian National Railway were worth $781,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CNI. Assenagon Asset Management S.A. lifted its position in Canadian National Railway by 4.2% during the third quarter. Assenagon Asset Management S.A. now owns 16,945 shares of the transportation company’s stock worth $1,844,000 after acquiring an additional 686 shares during the last quarter. Barclays PLC boosted its stake in shares of Canadian National Railway by 36.9% in the third quarter. Barclays PLC now owns 23,329 shares of the transportation company’s stock valued at $2,527,000 after buying an additional 6,283 shares during the period. Financial Counselors Inc. boosted its stake in shares of Canadian National Railway by 7.1% in the third quarter. Financial Counselors Inc. now owns 3,198 shares of the transportation company’s stock valued at $346,000 after buying an additional 213 shares during the period. Kingsview Wealth Management LLC increased its stake in Canadian National Railway by 4.9% during the 3rd quarter. Kingsview Wealth Management LLC now owns 2,982 shares of the transportation company’s stock worth $323,000 after acquiring an additional 140 shares during the period. Finally, Keybank National Association OH raised its holdings in Canadian National Railway by 0.9% in the 3rd quarter. Keybank National Association OH now owns 20,151 shares of the transportation company’s stock valued at $2,183,000 after acquiring an additional 178 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CNI has been the topic of several analyst reports. Bank of America raised Canadian National Railway from a “neutral” rating to a “buy” rating and increased their target price for the stock from $140.00 to $145.00 in a report on Wednesday, April 10th. Benchmark reissued a “hold” rating on shares of Canadian National Railway in a report on Wednesday, April 24th. Stifel Nicolaus upped their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Stephens reissued an “equal weight” rating and issued a $140.00 price objective on shares of Canadian National Railway in a research note on Wednesday, April 24th. Finally, Barclays upped their target price on Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 4th. Eighteen equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $149.05.

Check Out Our Latest Report on Canadian National Railway

Canadian National Railway Price Performance

Shares of CNI opened at $127.33 on Friday. Canadian National Railway has a 12-month low of $103.96 and a 12-month high of $134.02. The business has a 50-day simple moving average of $127.28 and a two-hundred day simple moving average of $125.46. The company has a quick ratio of 0.46, a current ratio of 0.60 and a debt-to-equity ratio of 0.84. The stock has a market cap of $81.07 billion, a PE ratio of 20.31, a PEG ratio of 2.23 and a beta of 0.89.

Canadian National Railway (NYSE:CNIGet Free Report) (TSE:CNR) last issued its quarterly earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.01. The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. Analysts anticipate that Canadian National Railway will post 5.9 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $0.625 dividend. The ex-dividend date is Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 1.96%. Canadian National Railway’s payout ratio is 39.71%.

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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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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