Stratos Wealth Partners LTD. Decreases Stock Holdings in Canadian National Railway Company (NYSE:CNI)

Stratos Wealth Partners LTD. lowered its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 10.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,045 shares of the transportation company’s stock after selling 349 shares during the period. Stratos Wealth Partners LTD.’s holdings in Canadian National Railway were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Sequoia Financial Advisors LLC increased its position in Canadian National Railway by 6.6% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,397 shares of the transportation company’s stock worth $649,000 after purchasing an additional 397 shares during the last quarter. Frank Rimerman Advisors LLC acquired a new stake in Canadian National Railway during the 4th quarter valued at $205,000. Harbour Investments Inc. boosted its stake in Canadian National Railway by 5.0% during the 4th quarter. Harbour Investments Inc. now owns 3,302 shares of the transportation company’s stock valued at $335,000 after acquiring an additional 156 shares during the last quarter. Generali Asset Management SPA SGR bought a new position in Canadian National Railway during the 4th quarter valued at $3,226,000. Finally, Sandy Spring Bank boosted its stake in Canadian National Railway by 459.7% during the 4th quarter. Sandy Spring Bank now owns 666 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CNI. Susquehanna increased their price objective on shares of Canadian National Railway from $120.00 to $122.00 and gave the stock a “positive” rating in a report on Tuesday, June 24th. Argus upgraded shares of Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Jefferies Financial Group decreased their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Stephens raised their target price on shares of Canadian National Railway from $105.00 to $109.00 and gave the stock an “equal weight” rating in a report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “buy” rating for the company in a report on Monday, April 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average price target of $120.86.

Canadian National Railway Trading Down 0.9%

Shares of CNI stock opened at $103.00 on Wednesday. The company has a market cap of $64.53 billion, a P/E ratio of 20.08, a PEG ratio of 2.09 and a beta of 0.97. The stock has a 50 day simple moving average of $104.57 and a two-hundred day simple moving average of $101.66. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.43 and a current ratio of 0.62. Canadian National Railway Company has a fifty-two week low of $91.65 and a fifty-two week high of $123.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 EPS for the quarter, beating the consensus estimate of $1.26 by $0.03. The firm had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $4.38 billion. Canadian National Railway had a return on equity of 22.29% and a net margin of 26.19%. The company’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.72 earnings per share. Research analysts forecast that Canadian National Railway Company will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 30th. Shareholders of record on Tuesday, June 10th were paid a $0.8875 dividend. This represents a yield of 2.47%. The ex-dividend date was Monday, June 9th. This is an increase from Canadian National Railway’s previous dividend of $0.29. Canadian National Railway’s dividend payout ratio is 50.49%.

Canadian National Railway Company Profile

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.