. Purchases Shares of 263,400 Canadian National Railway (CNI)

Brookfield Asset Management Inc. purchased a new stake in shares of Canadian National Railway during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 263,400 shares of the companys stock, valued at approximately $17,710,000.

A number of other large investors have also made changes to their positions in CNI. SRS Capital Advisors Inc. acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at about $137,000. Sowell Financial Services LLC acquired a new stake in shares of Canadian National Railway during the fourth quarter valued at about $142,000. Salem Investment Counselors Inc. acquired a new stake in shares of Canadian National Railway during the third quarter valued at about $166,000. Quadrant Capital Group LLC increased its stake in shares of Canadian National Railway by 2.4% in the third quarter. Quadrant Capital Group LLC now owns 2,745 shares of the companys stock valued at $171,000 after buying an additional 65 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in shares of Canadian National Railway during the third quarter valued at about $200,000. 55.16% of the stock is owned by institutional investors and hedge funds.

Canadian National Railway (NYSE:CNI) opened at 73.96 on Friday. The company has a 50 day moving average price of $71.83 and a 200-day moving average price of $67.87. Canadian National Railway has a 12 month low of $55.73 and a 12 month high of $74.67. The company has a market cap of $56.23 billion, a PE ratio of 21.12 and a beta of 1.07.

Canadian National Railway (NYSE:CNI) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $1.23 earnings per share (EPS) for the quarter, beating analysts consensus estimates of $0.91 by $0.32. The firm earned $3.22 billion during the quarter, compared to the consensus estimate of $2.32 billion. Canadian National Railway had a return on equity of 24.02% and a net margin of 30.29%. The businesss revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.18 EPS. Equities analysts predict that Canadian National Railway will post $3.72 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Friday, March 10th will be paid a $0.3097 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, March 8th. This is an increase from Canadian National Railways previous quarterly dividend of $0.28. Canadian National Railways dividend payout ratio is 31.73%.

Several equities research analysts have issued reports on the company. Loop Capital reaffirmed a hold rating on shares of Canadian National Railway in a report on Saturday, March 25th. Credit Suisse Group AG reaffirmed a neutral rating and set a $72.00 price target (up previously from $70.00) on shares of Canadian National Railway in a report on Monday, March 6th. Zacks Investment Research raised Canadian National Railway from a hold rating to a buy rating and set a $79.00 price target for the company in a report on Friday, January 27th. Citigroup Inc raised their price target on Canadian National Railway from $66.00 to $72.00 and gave the company a neutral rating in a report on Wednesday, January 25th. Finally, Scotiabank raised Canadian National Railway from a sector perform rating to an outperform rating in a report on Friday, March 3rd. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and six have given a buy rating to the stock. Canadian National Railway has a consensus rating of Hold and an average price target of $77.00.

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