Canadian National Railway (NYSE:CNI) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lowered its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 43.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,800 shares of the transportation company’s stock after selling 1,398 shares during the quarter. Financial Counselors Inc.’s holdings in Canadian National Railway were worth $211,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Canadian National Railway in the second quarter valued at approximately $26,000. Addison Advisors LLC boosted its stake in shares of Canadian National Railway by 159.1% in the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 148 shares during the period. Fortitude Family Office LLC grew its holdings in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. Coastline Trust Co acquired a new position in Canadian National Railway in the 3rd quarter worth $34,000. Finally, ORG Partners LLC purchased a new position in Canadian National Railway in the 2nd quarter valued at about $34,000. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Trading Up 0.4 %

NYSE:CNI opened at $111.69 on Monday. Canadian National Railway has a 12-month low of $105.28 and a 12-month high of $134.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The business has a 50 day simple moving average of $112.39 and a 200 day simple moving average of $116.57. The firm has a market capitalization of $70.34 billion, a P/E ratio of 17.90, a P/E/G ratio of 2.52 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The business had revenue of $4.11 billion for the quarter, compared to analysts’ expectations of $4.08 billion. During the same quarter last year, the company earned $1.26 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. Equities research analysts predict that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $0.6108 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio (DPR) is 39.90%.

Analysts Set New Price Targets

Several research firms recently commented on CNI. Susquehanna cut their price target on Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Barclays upped their target price on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein decreased their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a research report on Wednesday, October 9th. Stifel Nicolaus upped their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a report on Wednesday, October 23rd. Finally, Bank of America lowered shares of Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $129.00 to $122.00 in a report on Friday, October 4th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and a consensus target price of $125.86.

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.