Corient Private Wealth LLC Sells 1,612 Shares of Canadian National Railway (NYSE:CNI)

Corient Private Wealth LLC reduced its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,531 shares of the transportation company’s stock after selling 1,612 shares during the period. Corient Private Wealth LLC’s holdings in Canadian National Railway were worth $3,201,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Quintet Private Bank Europe S.A. bought a new stake in Canadian National Railway during the fourth quarter valued at $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway during the fourth quarter valued at $30,000. Addison Advisors LLC boosted its stake in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares during the period. Thurston Springer Miller Herd & Titak Inc. boosted 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 buying an additional 108 shares during the period. Finally, Kestra Investment Management LLC bought a new stake in Canadian National Railway during the fourth quarter valued at $59,000. 80.74% of the stock is owned by institutional investors.

Canadian National Railway Stock Performance

Shares of CNI opened at $96.71 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The business’s 50 day moving average price is $101.27 and its 200-day moving average price is $107.21. Canadian National Railway has a 52 week low of $93.64 and a 52 week high of $132.73. The stock has a market cap of $60.77 billion, a P/E ratio of 18.89, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 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%. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a yield of 2.55%. 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. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNI. Wells Fargo & Company dropped their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America dropped their price target on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research note on Monday, February 3rd. Finally, Barclays dropped their price target on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $124.19.

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.