LVW Advisors LLC Decreases Position in Canadian National Railway Company $CNI

LVW Advisors LLC lessened its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 8.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,692 shares of the transportation company’s stock after selling 322 shares during the quarter. LVW Advisors LLC’s holdings in Canadian National Railway were worth $384,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CNI. Dagco Inc. bought a new stake in shares of Canadian National Railway in the 1st quarter worth approximately $32,000. Bruce G. Allen Investments LLC grew its holdings in shares of Canadian National Railway by 44.2% in the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock worth $34,000 after acquiring an additional 106 shares during the last quarter. CX Institutional acquired a new stake in shares of Canadian National Railway in the first quarter worth $39,000. Brooklyn Investment Group boosted its position in Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after purchasing an additional 333 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in Canadian National Railway by 42.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 167 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.5%

Canadian National Railway stock opened at $92.84 on Friday. Canadian National Railway Company has a twelve month low of $91.07 and a twelve month high of $118.14. The firm has a 50 day moving average price of $94.64 and a 200-day moving average price of $99.12. The company has a market capitalization of $57.64 billion, a P/E ratio of 17.85, a P/E/G ratio of 2.14 and a beta of 0.94. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period last year, the business posted $1.84 earnings per share. The firm’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities analysts predict that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 8th will be given a dividend of $0.6507 per share. This represents a $2.60 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, September 8th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. Canadian National Railway’s dividend payout ratio is 50.19%.

Analyst Upgrades and Downgrades

CNI has been the topic of a number of recent analyst reports. Citigroup dropped their price objective on Canadian National Railway from $124.00 to $123.00 and set a “buy” rating on the stock in a research note on Wednesday, July 9th. Royal Bank Of Canada reduced their price objective on Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating on the stock in a report on Wednesday, July 23rd. Wells Fargo & Company lowered their price objective on shares of Canadian National Railway from $120.00 to $117.00 and set an “overweight” rating for the company in a research report on Wednesday, July 23rd. Evercore ISI downgraded shares of Canadian National Railway from an “outperform” rating to an “in-line” rating and set a $105.00 price objective for the company. in a research note on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. restated a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $117.94.

About Canadian National Railway

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.