Sumitomo Mitsui DS Asset Management Company Ltd Has $1.13 Million Holdings in Canadian National Railway (NYSE:CNI)

Sumitomo Mitsui DS Asset Management Company Ltd decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,154 shares of the transportation company’s stock after selling 337 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Canadian National Railway were worth $1,132,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CNI. Fortitude Family Office LLC raised its position in Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. Coastline Trust Co acquired a new stake in shares of Canadian National Railway in the third quarter valued at approximately $34,000. 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. Reston Wealth Management LLC bought a new stake in shares of Canadian National Railway in the third quarter worth $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in Canadian National Railway during the third quarter worth $56,000. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Bank of America lowered their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company reduced their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Royal Bank of Canada lowered their price target on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research report on Friday, January 31st. TD Securities raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Up 0.3 %

Canadian National Railway stock opened at $102.85 on Wednesday. The company’s 50-day moving average price is $103.38 and its two-hundred day moving average price is $110.07. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The stock has a market cap of $64.67 billion, a P/E ratio of 20.09, a P/E/G ratio of 1.94 and a beta of 0.91. Canadian National Railway has a twelve month low of $98.69 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. As a group, analysts expect that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Monday, March 10th. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s payout ratio is presently 46.68%.

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.