Canadian National Railway (TSE:CNR) Insider Cascade Investment, L.L.C. Buys 188,936 Shares

Canadian National Railway (TSE:CNR) (NYSE:CNI) insider Cascade Investment, L.L.C. purchased 188,936 shares of Canadian National Railway stock in a transaction dated Friday, August 9th. The stock was acquired at an average cost of C$123.84 per share, with a total value of C$23,398,063.23. Following the completion of the acquisition, the insider now directly owns 101,048,265 shares in the company, valued at C$12,513,939,608.10.

Cascade Investment, L.L.C. also recently made the following trade(s):

  • On Monday, August 12th, Cascade Investment, L.L.C. purchased 89,301 shares of Canadian National Railway stock. The stock was acquired at an average cost of C$122.77 per share, with a total value of C$10,963,628.08.
  • On Wednesday, August 7th, Cascade Investment, L.L.C. purchased 143,188 shares of Canadian National Railway stock. The stock was acquired at an average cost of C$121.34 per share, with a total value of C$17,374,575.11.

TSE CNR opened at C$120.50 on Friday. Canadian National Railway has a 1-year low of C$96.46 and a 1-year high of C$127.96. The company has a market capitalization of $89.56 billion and a P/E ratio of 19.87. The business has a 50 day moving average price of C$122.78 and a 200 day moving average price of C$120.22. The company has a debt-to-equity ratio of 77.28, a current ratio of 0.69 and a quick ratio of 0.34.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 9th will be paid a $0.5375 dividend. This represents a $2.15 annualized dividend and a yield of 1.78%. The ex-dividend date is Friday, September 6th. Canadian National Railway’s payout ratio is currently 32.74%.

Several analysts have recently commented on the company. CIBC raised their price target on Canadian National Railway from C$124.00 to C$126.00 in a report on Wednesday, July 24th. Desjardins raised their price target on Canadian National Railway from C$128.00 to C$129.00 and gave the company a “hold” rating in a report on Wednesday, July 24th. UBS Group reduced their price target on Canadian National Railway from C$127.00 to C$126.00 in a report on Wednesday, July 24th. JPMorgan Chase & Co. raised their price target on Canadian National Railway from C$122.00 to C$125.00 in a report on Monday, July 29th. Finally, Royal Bank of Canada raised their price target on Canadian National Railway from C$127.00 to C$128.00 and gave the company a “sector perform” rating in a report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$125.09.

About Canadian National Railway

Canadian National Railway Company engages in rail and related transportation business. The company transports cargo serving exporters, importers, retailers, farmers, and manufacturers. It operates a network of approximately 20,000 route miles of track spans Canada and mid-America connecting the Atlantic, the Pacific, and the Gulf of Mexico.

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Insider Buying and Selling by Quarter for Canadian National Railway (TSE:CNR)

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