Cumberland Partners Ltd increased its holdings in shares of Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) by 132.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 32,950 shares of the transportation company’s stock after acquiring an additional 18,800 shares during the quarter. Cumberland Partners Ltd’s holdings in Canadian National Railway were worth $3,381,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in Canadian National Railway during the 1st quarter valued at about $311,000. Focus Partners Wealth lifted its stake in Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock worth $1,122,000 after purchasing an additional 1,146 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in Canadian National Railway in the 2nd quarter worth approximately $202,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Canadian National Railway by 52.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $116,000 after purchasing an additional 383 shares during the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Canadian National Railway by 2.9% during the 2nd quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after purchasing an additional 474 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.
Key Canadian National Railway News
Here are the key news stories impacting Canadian National Railway this week:
- Positive Sentiment: CNI posted second-quarter earnings of $2.08 per share, well above the $1.39 consensus estimate, while revenue rose 11.3% year over year, signaling stronger operational performance. Article Title
- Positive Sentiment: The company raised its 2026 guidance and increased its volume outlook, which suggests management expects demand trends and network utilization to remain supportive. Article Title
- Positive Sentiment: CN also announced a quarterly dividend of C$0.915 per share, reinforcing its capital-return profile for income-focused investors. Article Title
- Positive Sentiment: CN and Union Pacific announced an agreement to improve North American rail connectivity, which could create new cross-border service opportunities and expand customer access. Article Title
Canadian National Railway Stock Performance
Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last posted its quarterly earnings results on Friday, July 24th. The transportation company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.11. The business had revenue of $3.35 billion during the quarter, compared to analysts’ expectations of $3.26 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.87 EPS. Analysts forecast that Canadian National Railway Company will post 5.67 EPS for the current year.
Canadian National Railway Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 8th will be issued a $0.915 dividend. The ex-dividend date is Tuesday, September 8th. This represents a $3.66 dividend on an annualized basis and a yield of 2.8%. Canadian National Railway’s dividend payout ratio is currently 48.55%.
Wall Street Analyst Weigh In
CNI has been the subject of a number of analyst reports. Citigroup upped their price target on Canadian National Railway from $124.00 to $141.00 and gave the company a “buy” rating in a research report on Thursday, July 9th. Canadian Imperial Bank of Commerce boosted their price objective on Canadian National Railway from C$182.00 to C$185.00 and gave the stock an “outperformer” rating in a research note on Thursday, June 25th. Weiss Ratings cut Canadian National Railway from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday, July 9th. National Bank Financial set a $124.00 target price on Canadian National Railway in a report on Thursday, June 25th. Finally, Royal Bank Of Canada raised their target price on Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research note on Thursday, April 30th. Eight research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $132.12.
Check Out Our Latest Report on Canadian National Railway
About Canadian National Railway
Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.
CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.
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