Cascade Investment, L.L.C. Sells 215,019 Shares of Canadian National Railway (TSE:CNR) Stock

Canadian National Railway (TSE:CNR) (NYSE:CNI) insider Cascade Investment, L.L.C. sold 215,019 shares of the stock in a transaction on Monday, September 13th. The stock was sold at an average price of C$155.88, for a total transaction of C$33,518,067.38. Following the sale, the insider now owns 71,316,830 shares of the company’s stock, valued at approximately C$11,117,167,846.89.

Cascade Investment, L.L.C. also recently made the following trade(s):

  • On Wednesday, September 15th, Cascade Investment, L.L.C. sold 1,153,897 shares of Canadian National Railway stock. The stock was sold at an average price of C$156.88, for a total transaction of C$181,019,728.89.
  • On Thursday, September 9th, Cascade Investment, L.L.C. sold 1,450,181 shares of Canadian National Railway stock. The stock was sold at an average price of C$158.21, for a total transaction of C$229,435,317.08.
  • On Tuesday, September 7th, Cascade Investment, L.L.C. sold 2,053,796 shares of Canadian National Railway stock. The stock was sold at an average price of C$163.62, for a total transaction of C$336,044,418.20.
  • On Friday, September 3rd, Cascade Investment, L.L.C. sold 1,046,172 shares of Canadian National Railway stock. The stock was sold at an average price of C$168.19, for a total transaction of C$175,960,548.03.

Shares of Canadian National Railway stock opened at C$146.01 on Tuesday. Canadian National Railway has a fifty-two week low of C$125.00 and a fifty-two week high of C$161.15. The business’s fifty day moving average is C$139.55 and its two-hundred day moving average is C$138.14. The company has a quick ratio of 0.48, a current ratio of 0.93 and a debt-to-equity ratio of 69.32. The firm has a market cap of C$103.52 billion and a PE ratio of 25.89.

Canadian National Railway (TSE:CNR) (NYSE:CNI) last released its earnings results on Tuesday, July 20th. The company reported C$1.49 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of C$1.49. The business had revenue of C$3.60 billion for the quarter, compared to analysts’ expectations of C$3.68 billion. Equities research analysts anticipate that Canadian National Railway will post 6.2915347 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 29th. Investors of record on Wednesday, September 8th will be issued a $0.615 dividend. The ex-dividend date is Tuesday, September 7th. This represents a $2.46 dividend on an annualized basis and a yield of 1.68%. Canadian National Railway’s payout ratio is 42.20%.

CNR has been the subject of a number of research reports. Sanford C. Bernstein reduced their price target on shares of Canadian National Railway from C$105.00 to C$99.00 in a research report on Friday, September 3rd. National Bankshares boosted their target price on Canadian National Railway from C$139.00 to C$144.00 and gave the stock a “sector perform” rating in a research report on Friday. Raymond James cut Canadian National Railway from an “outperform” rating to a “market perform” rating and raised their price target for the company from C$152.00 to C$158.00 in a research report on Monday. Scotiabank boosted their price objective on shares of Canadian National Railway from C$147.00 to C$160.00 in a research report on Friday. Finally, UBS Group upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the company from C$141.00 to C$162.00 in a report on Friday, May 28th. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of C$147.53.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail and related transportation business. Its portfolio of goods includes petroleum and chemicals, grain and fertilizers, coal, metals and minerals, forest products, intermodal, and automotive products serving exporters, importers, retailers, farmers, and manufacturers.

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