BlackDiamond Wealth Management LLC Sells 898 Shares of Canadian National Railway (NYSE:CNI)

BlackDiamond Wealth Management LLC lowered its stake in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 22.4% during the fourth quarter, HoldingsChannel reports. The fund owned 3,111 shares of the transportation company’s stock after selling 898 shares during the quarter. BlackDiamond Wealth Management LLC’s holdings in Canadian National Railway were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. increased its position 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 worth $34,000 after acquiring an additional 108 shares during the period. Crestwood Advisors Group LLC increased its position in Canadian National Railway by 4.2% during the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock worth $286,000 after acquiring an additional 114 shares during the period. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after acquiring an additional 142 shares during the period. Banque Cantonale Vaudoise increased its position in Canadian National Railway by 5.2% during the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company’s stock worth $363,000 after acquiring an additional 152 shares during the period. Finally, Harbour Investments Inc. increased its position in Canadian National Railway by 5.0% during the fourth quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock worth $335,000 after acquiring an additional 156 shares during the period. Institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America dropped their target price on shares of 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. Barclays lowered their price target on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Susquehanna lowered their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 10th. Finally, Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Stock Up 0.6 %

Shares of NYSE:CNI opened at $98.28 on Tuesday. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $134.02. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company’s fifty day moving average is $101.67 and its 200-day moving average is $107.71. The company has a market capitalization of $61.76 billion, a PE ratio of 19.19, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results 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 net margin of 26.09% and a return on equity of 22.48%. Equities 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 business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a yield of 2.51%. Canadian National Railway’s dividend payout ratio is 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.