Optimum Investment Advisors lessened its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,425 shares of the transportation company’s stock after selling 150 shares during the quarter. Optimum Investment Advisors’ holdings in Canadian National Railway were worth $328,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc lifted its stake in shares of Canadian National Railway by 2.7% during the 3rd quarter. Vanguard Group Inc now owns 19,024,269 shares of the transportation company’s stock worth $1,708,379,000 after purchasing an additional 497,662 shares during the period. TD Asset Management Inc. lifted its stake in shares of Canadian National Railway by 1.3% during the 4th quarter. TD Asset Management Inc. now owns 16,419,347 shares of the transportation company’s stock worth $1,215,522,000 after purchasing an additional 217,901 shares during the period. FIL Ltd lifted its stake in shares of Canadian National Railway by 3.1% during the 3rd quarter. FIL Ltd now owns 12,279,583 shares of the transportation company’s stock worth $1,101,850,000 after purchasing an additional 372,297 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Canadian National Railway by 8.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,024,202 shares of the transportation company’s stock worth $719,484,000 after purchasing an additional 628,194 shares during the period. Finally, Morgan Stanley raised its position in shares of Canadian National Railway by 18.0% in the 3rd quarter. Morgan Stanley now owns 6,515,346 shares of the transportation company’s stock worth $585,078,000 after buying an additional 992,137 shares during the period. 54.23% of the stock is currently owned by institutional investors.

Shares of NYSE CNI opened at $82.68 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.62 and a debt-to-equity ratio of 0.65. Canadian National Railway has a 52-week low of $70.36 and a 52-week high of $91.90. The stock has a market capitalization of $60.03 billion, a price-to-earnings ratio of 19.88, a price-to-earnings-growth ratio of 1.67 and a beta of 1.08.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Tuesday, January 29th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.11 by $0.38. Canadian National Railway had a net margin of 30.19% and a return on equity of 23.28%. The firm had revenue of $3.81 billion for the quarter, compared to analysts’ expectations of $3.80 billion. During the same quarter last year, the company posted $1.20 earnings per share. Canadian National Railway’s revenue was up 15.9% on a year-over-year basis. As a group, analysts anticipate that Canadian National Railway will post 4.74 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be issued a $0.4026 dividend. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $1.61 dividend on an annualized basis and a yield of 1.95%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.35. Canadian National Railway’s dividend payout ratio (DPR) is currently 32.93%.

CNI has been the topic of several research reports. Stephens raised Canadian National Railway from an “equal weight” rating to an “overweight” rating in a research report on Thursday, January 3rd. Cowen reaffirmed an “outperform” rating and issued a $96.00 target price (down from $98.00) on shares of Canadian National Railway in a research report on Wednesday, October 24th. Bank of America lowered Canadian National Railway from a “buy” rating to a “neutral” rating in a research report on Thursday, October 18th. Credit Suisse Group increased their target price on Canadian National Railway from $91.00 to $92.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 24th. Finally, Barclays reaffirmed a “hold” rating and issued a $86.00 target price on shares of Canadian National Railway in a research report on Thursday, January 17th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $92.16.

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Canadian National Railway 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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Institutional Ownership by Quarter for Canadian National Railway (NYSE:CNI)

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