Canadian National Railway (TSE:CNR) Insider Cascade Investment, L.L.C. Purchases 89,301 Shares

Canadian National Railway (TSE:CNR) (NYSE:CNI) insider Cascade Investment, L.L.C. acquired 89,301 shares of the firm’s stock in a transaction that occurred on Monday, August 12th. The stock was purchased at an average price of C$122.77 per share, with a total value of C$10,963,628.08. Following the completion of the acquisition, the insider now directly owns 101,142,566 shares of the company’s stock, valued at C$12,417,436,274.21.

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

  • On Friday, August 9th, Cascade Investment, L.L.C. acquired 188,936 shares of Canadian National Railway stock. The stock was purchased at an average price of C$123.84 per share, with a total value of C$23,398,063.23.
  • On Wednesday, August 7th, Cascade Investment, L.L.C. acquired 143,188 shares of Canadian National Railway stock. The stock was purchased at an average price of C$121.34 per share, with a total value of C$17,374,575.11.

Shares of Canadian National Railway stock opened at C$120.50 on Friday. The company has a market capitalization of $89.56 billion and a PE ratio of 19.87. The company has a debt-to-equity ratio of 77.28, a quick ratio of 0.34 and a current ratio of 0.69. The company has a 50-day simple moving average of C$122.78 and a two-hundred day simple moving average of C$120.22. Canadian National Railway has a one year low of C$96.46 and a one year high of C$127.96.

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

Several analysts recently weighed in on the company. BMO Capital Markets lifted their price objective on Canadian National Railway from C$125.00 to C$126.00 in a report on Wednesday, July 24th. Desjardins boosted their target price on shares of Canadian National Railway from C$128.00 to C$129.00 and gave the stock a “hold” rating in a report on Wednesday, July 24th. National Bank Financial reduced their target price on shares of Canadian National Railway from C$126.00 to C$124.00 and set a “sector perform” rating for the company in a report on Thursday, June 27th. Cormark boosted their target price on shares of Canadian National Railway from C$99.00 to C$101.00 in a report on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Canadian National Railway from C$122.00 to C$125.00 in a report on Monday, July 29th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price 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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