Canadian National Railway (NYSE:CNI) Stock Holdings Lowered by Beutel Goodman & Co Ltd.

Beutel Goodman & Co Ltd. lowered its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 9.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,116,484 shares of the transportation company’s stock after selling 420,309 shares during the period. Canadian National Railway comprises about 2.3% of Beutel Goodman & Co Ltd.’s investment portfolio, making the stock its 9th biggest holding. Beutel Goodman & Co Ltd. owned approximately 0.65% of Canadian National Railway worth $417,801,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

CNI has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Evercore ISI raised shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Susquehanna cut their price objective on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group raised Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 target price for the company in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway presently has an average rating of “Moderate Buy” and an average price target of $124.02.

Canadian National Railway Trading Down 2.4 %

Shares of NYSE CNI opened at $97.39 on Friday. The firm’s 50 day moving average price is $101.07 and its 200-day moving average price is $106.64. Canadian National Railway has a 52-week low of $93.64 and a 52-week high of $132.27. 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 has a market cap of $61.20 billion, a PE ratio of 19.02, a P/E/G ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (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%. On average, equities research analysts expect that Canadian National Railway will post 5.52 EPS 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 given a $0.6159 dividend. This is a positive change 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 dividend on an annualized basis and a yield of 2.53%. Canadian National Railway’s 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.