Fagan Associates Inc. Sells 250 Shares of Canadian National Railway (NYSE:CNI)

Fagan Associates Inc. trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,325 shares of the transportation company’s stock after selling 250 shares during the period. Fagan Associates Inc.’s holdings in Canadian National Railway were worth $439,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Fortitude Family Office LLC raised its stake in shares of Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after purchasing an additional 229 shares during the period. Coastline Trust Co bought a new stake in Canadian National Railway in the 3rd quarter valued at about $34,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the 4th quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the period. Finally, Reston Wealth Management LLC bought a new stake in Canadian National Railway in the 3rd quarter valued at about $41,000. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CNI shares. Royal Bank of Canada lowered their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a research note on Friday, January 31st. Barclays lowered their price objective on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. TD Securities upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Stephens restated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Up 1.2 %

Shares of NYSE CNI opened at $102.79 on Wednesday. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $64.58 billion, a price-to-earnings ratio of 20.08, a PEG ratio of 1.91 and a beta of 0.91. The business has a 50-day moving average of $102.71 and a 200-day moving average of $109.56.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing the consensus estimate 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 expect that Canadian National Railway will post 5.5 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a $0.6159 dividend. The ex-dividend date is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.40%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is currently 46.68%.

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.