Canadian National Railway (NYSE:CNI) Shares Sold by PDS Planning Inc

PDS Planning Inc decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,210 shares of the transportation company’s stock after selling 332 shares during the quarter. PDS Planning Inc’s holdings in Canadian National Railway were worth $427,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CNI. National Bank of Canada FI increased its stake in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock valued at $789,030,000 after acquiring an additional 2,137,948 shares during the last quarter. Canoe Financial LP acquired a new position in shares of Canadian National Railway during the 4th quarter valued at about $216,943,000. Point72 Asset Management L.P. acquired a new position in shares of Canadian National Railway during the 3rd quarter valued at about $159,907,000. Wellington Management Group LLP increased its stake in shares of Canadian National Railway by 4.4% during the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after acquiring an additional 790,420 shares during the last quarter. Finally, Toronto Dominion Bank increased its stake in shares of Canadian National Railway by 64.5% during the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock valued at $174,813,000 after acquiring an additional 584,832 shares during the last quarter. Institutional investors and hedge funds own 80.74% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Loop Capital downgraded shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. 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. Susquehanna dropped their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Bank of America dropped their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company dropped their target price on shares of 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. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $124.19.

Canadian National Railway Stock Down 0.7 %

NYSE CNI opened at $97.50 on Wednesday. The stock has a market cap of $61.27 billion, a PE ratio of 19.04, a P/E/G ratio of 1.95 and a beta of 0.91. Canadian National Railway has a fifty-two week low of $93.64 and a fifty-two week high of $134.02. The business has a 50 day moving average price of $101.53 and a two-hundred day moving average price of $107.56. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly 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, sell-side analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal 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 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 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio is 47.66%.

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.