Canadian National Railway (NYSE:CNI) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC decreased its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 7.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,130 shares of the transportation company’s stock after selling 266 shares during the period. Angeles Investment Advisors LLC’s holdings in Canadian National Railway were worth $367,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Canadian National Railway in the 2nd quarter valued at about $26,000. Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after purchasing an additional 148 shares in the last quarter. Fortitude Family Office LLC lifted its stake in Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. ORG Partners LLC bought a new stake in Canadian National Railway during the second quarter worth approximately $34,000. Finally, Reston Wealth Management LLC acquired a new position in Canadian National Railway in the third quarter worth approximately $41,000. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CNI. Wells Fargo & Company upgraded Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 price objective for the company in a research report on Monday, October 7th. Citigroup raised Canadian National Railway from a “neutral” rating to a “buy” rating and upped their target price for the company from $126.00 to $130.00 in a report on Tuesday. Barclays increased their price target on Canadian National Railway from $120.00 to $121.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Sanford C. Bernstein cut their price objective on Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a report on Wednesday, October 9th. Finally, Stifel Nicolaus raised their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a “hold” rating in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $125.48.

Canadian National Railway Stock Down 0.3 %

Shares of CNI traded down $0.28 during midday trading on Wednesday, reaching $111.29. 55,472 shares of the stock were exchanged, compared to its average volume of 1,111,339. The company has a market cap of $69.98 billion, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.52 and a beta of 0.89. The firm has a 50 day simple moving average of $114.46 and a 200-day simple moving average of $117.93. Canadian National Railway has a 12-month low of $107.54 and a 12-month high of $134.02. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping the consensus estimate of $1.70 by $0.02. The company had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.26 earnings per share. Research analysts forecast that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a dividend of $0.6108 per share. The ex-dividend date is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.20%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.26%.

Canadian National Railway 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.