Canadian National Railway (NYSE:CNI) Stake Trimmed by Capital International Inc. CA

Capital International Inc. CA cut its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 6.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 532,093 shares of the transportation company’s stock after selling 39,374 shares during the quarter. Capital International Inc. CA owned 0.08% of Canadian National Railway worth $54,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CNI. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the 4th quarter valued at $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway in the 4th quarter worth about $30,000. Lee Danner & Bass Inc. acquired a new stake in Canadian National Railway during the 4th quarter worth about $30,000. Addison Advisors LLC increased its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after purchasing an additional 108 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Performance

CNI opened at $99.21 on Friday. The stock has a market cap of $62.35 billion, a PE ratio of 19.38, a P/E/G ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $130.63. The stock’s 50 day simple moving average is $98.99 and its 200-day simple moving average is $104.37. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Sell-side analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is 47.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Barclays reduced their price target on Canadian National Railway from $112.00 to $104.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Bank of America cut their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Finally, TD Securities raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $120.36.

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.