Oppenheimer & Co. Inc. Sells 11,328 Shares of Canadian National Railway Company $CNI

Oppenheimer & Co. Inc. lowered its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 51.6% in the third quarter, Holdings Channel reports. The institutional investor owned 10,615 shares of the transportation company’s stock after selling 11,328 shares during the period. Oppenheimer & Co. Inc.’s holdings in Canadian National Railway were worth $1,001,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CNI. Addison Advisors LLC boosted its position in Canadian National Railway by 124.0% during the second quarter. Addison Advisors LLC now owns 271 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 150 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Canadian National Railway during the third quarter valued at approximately $28,000. First Horizon Corp acquired a new stake in Canadian National Railway in the third quarter valued at approximately $30,000. Curio Wealth LLC boosted its stake in Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after acquiring an additional 316 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in Canadian National Railway in the third quarter worth $50,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CNI. UBS Group lowered Canadian National Railway from a “strong-buy” rating to a “hold” rating in a report on Monday, February 2nd. Evercore lowered their price target on Canadian National Railway from $105.00 to $103.00 and set an “in-line” rating for the company in a report on Monday, February 2nd. Barclays dropped their price target on Canadian National Railway from $140.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, February 2nd. Zacks Research raised shares of Canadian National Railway from a “strong sell” rating to a “hold” rating in a research report on Friday, November 28th. Finally, Canadian Imperial Bank of Commerce upgraded shares of Canadian National Railway from a “hold” rating to an “outperformer” rating and lifted their target price for the stock from $146.00 to $151.00 in a research note on Friday, November 28th. Ten equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $118.91.

Canadian National Railway Stock Up 0.2%

Shares of CNI stock opened at $107.55 on Monday. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $108.75. The firm has a market capitalization of $65.94 billion, a PE ratio of 19.81, a P/E/G ratio of 2.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67. The stock’s 50-day simple moving average is $99.48 and its 200-day simple moving average is $96.46.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, January 30th. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.43 by $0.06. Canadian National Railway had a return on equity of 22.14% and a net margin of 27.28%.The firm had revenue of $3.24 billion for the quarter, compared to analyst estimates of $4.43 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. Canadian National Railway’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 10th will be paid a $0.915 dividend. The ex-dividend date is Tuesday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.89. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.4%. Canadian National Railway’s dividend payout ratio (DPR) is currently 46.59%.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.