Canadian National Railway (NYSE:CNI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 240,265 shares of the transportation company’s stock after selling 8,629 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Canadian National Railway were worth $30,347,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CNI. Tyler Stone Wealth Management acquired a new position in Canadian National Railway in the 2nd quarter valued at about $30,000. JFS Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 241.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 324 shares of the transportation company’s stock valued at $35,000 after acquiring an additional 229 shares during the period. EverSource Wealth Advisors LLC raised its stake in shares of Canadian National Railway by 121.0% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 369 shares of the transportation company’s stock valued at $40,000 after acquiring an additional 202 shares during the period. Rational Advisors LLC purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at approximately $41,000. Finally, Crewe Advisors LLC purchased a new stake in shares of Canadian National Railway in the 3rd quarter valued at approximately $43,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CNI. CIBC downgraded shares of Canadian National Railway from a “sector outperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. TD Securities downgraded shares of Canadian National Railway from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Susquehanna Bancshares upped their target price on shares of Canadian National Railway from $115.00 to $143.00 and gave the stock a “neutral” rating in a research note on Monday, January 8th. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the stock from $140.00 to $145.00 in a research note on Wednesday, April 10th. Finally, Citigroup upped their target price on shares of Canadian National Railway from $121.00 to $128.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 24th. Eighteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $147.52.

Canadian National Railway Stock Down 1.2 %

Shares of NYSE:CNI opened at $127.28 on Wednesday. The stock has a market cap of $81.29 billion, a P/E ratio of 20.08, a P/E/G ratio of 2.24 and a beta of 0.88. The firm has a fifty day moving average price of $129.79 and a 200 day moving average price of $121.44. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.61 and a quick ratio of 0.47. Canadian National Railway has a 1-year low of $103.96 and a 1-year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Tuesday, January 23rd. The transportation company reported $1.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.02. The firm had revenue of $3.28 billion during the quarter, compared to analysts’ expectations of $3.25 billion. Canadian National Railway had a net margin of 33.38% and a return on equity of 23.56%. Sell-side analysts predict that Canadian National Railway will post 5.95 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 7th were paid a dividend of $0.638 per share. The ex-dividend date of this dividend was Wednesday, March 6th. This represents a $2.55 dividend on an annualized basis and a yield of 2.01%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.58. Canadian National Railway’s dividend payout ratio is currently 39.59%.

Canadian National Railway Company Profile

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.