Insider Buying: Canadian National Railway (TSE:CNR) Insider Buys 143,188 Shares of Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) insider Cascade Investment, L.L.C. acquired 143,188 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average cost of C$121.34 per share, for a total transaction of C$17,374,575.11. Following the completion of the transaction, the insider now directly owns 100,592,796 shares in the company, valued at approximately C$12,206,030,459.44.

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

  • On Monday, August 12th, Cascade Investment, L.L.C. acquired 89,301 shares of Canadian National Railway stock. The shares were purchased at an average cost of C$122.77 per share, for a total transaction of C$10,963,628.08.
  • On Friday, August 9th, Cascade Investment, L.L.C. acquired 188,936 shares of Canadian National Railway stock. The shares were purchased at an average cost of C$123.84 per share, for a total transaction of C$23,398,063.23.

CNR opened at C$120.50 on Friday. 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 stock has a market capitalization of $89.56 billion and a P/E ratio of 19.87. The company’s 50-day simple moving average is C$122.78 and its two-hundred day simple moving average is C$120.22. Canadian National Railway has a 52-week low of C$96.46 and a 52-week high of C$127.96.

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

Several analysts recently commented on CNR shares. Desjardins increased their price objective on shares of Canadian National Railway from C$128.00 to C$129.00 and gave the company a “hold” rating in a research report on Wednesday, July 24th. Raymond James reissued an “outperform” rating and set a C$135.00 price objective on shares of Canadian National Railway in a research report on Wednesday, July 24th. TD Securities increased their price objective on shares of Canadian National Railway from C$135.00 to C$140.00 and gave the company a “buy” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. increased their price objective on shares of Canadian National Railway from C$122.00 to C$125.00 in a research report on Monday, July 29th. Finally, BMO Capital Markets increased their price objective on shares of Canadian National Railway from C$125.00 to C$126.00 in a research report on Wednesday, July 24th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$125.09.

Canadian National Railway Company Profile

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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