Private Advisor Group LLC Sells 227 Shares of Canadian National Railway (NYSE:CNI)

Private Advisor Group LLC trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,245 shares of the transportation company’s stock after selling 227 shares during the period. Private Advisor Group LLC’s holdings in Canadian National Railway were worth $938,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Arlington Trust Co LLC acquired a new position in Canadian National Railway in the fourth quarter worth about $30,000. Coastline Trust Co bought a new stake in shares of Canadian National Railway in the 3rd quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock worth $34,000 after buying an additional 108 shares during the period. Reston Wealth Management LLC acquired a new stake in Canadian National Railway in the 3rd quarter valued at $41,000. Finally, Sanctuary Wealth Management L.L.C. bought a new stake in Canadian National Railway in the third quarter valued at $56,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Royal Bank of Canada cut their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a report on Friday, January 31st. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a research note on Friday, January 10th. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Finally, Susquehanna reduced their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 8th. 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’s stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and a consensus target price of $124.19.

Canadian National Railway Trading Up 1.6 %

Shares of NYSE CNI opened at $101.38 on Friday. Canadian National Railway has a twelve month low of $98.69 and a twelve month high of $134.02. The stock has a market cap of $63.69 billion, a price-to-earnings ratio of 19.80, a P/E/G ratio of 1.95 and a beta of 0.91. 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 company’s fifty day moving average is $102.53 and its 200-day moving average is $109.07.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.43%. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) 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.