Capital Group Private Client Services Inc. Reduces Stock Holdings in Canadian National Railway (NYSE:CNI)

Capital Group Private Client Services Inc. lowered its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 27.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 197,455 shares of the transportation company’s stock after selling 73,875 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Canadian National Railway were worth $20,050,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quintet Private Bank Europe S.A. purchased a new stake in Canadian National Railway in the fourth quarter worth about $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway in the 4th quarter worth $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway during the fourth quarter worth about $30,000. Addison Advisors LLC grew its holdings in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its stake in Canadian National Railway by 48.2% during the fourth 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 in the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CNI. Royal Bank of Canada decreased their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. Jefferies Financial Group reduced their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Citigroup decreased their price target on Canadian National Railway from $122.00 to $114.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Finally, Bank of America cut their price objective on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and a consensus target price of $120.36.

Canadian National Railway Price Performance

Shares of CNI stock opened at $99.21 on Friday. The company has a market cap of $62.35 billion, a P/E ratio of 19.38, a PEG ratio of 1.95 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The stock’s 50-day moving average is $98.99 and its 200 day moving average is $104.37. Canadian National Railway has a 1-year low of $91.65 and a 1-year high of $130.63.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) 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%. Research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Monday, March 10th. 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 47.66%.

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.