Canadian National Railway (NYSE:CNI) Stake Lessened by Financial Counselors Inc.

Financial Counselors Inc. decreased its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 43.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800 shares of the transportation company’s stock after selling 1,398 shares during the period. Financial Counselors Inc.’s holdings in Canadian National Railway were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in CNI. Grove Bank & Trust raised its stake in shares of Canadian National Railway by 15.3% in the 3rd quarter. Grove Bank & Trust now owns 730 shares of the transportation company’s stock worth $86,000 after buying an additional 97 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its position in Canadian National Railway by 2.5% in the first quarter. B. Riley Wealth Advisors Inc. now owns 4,156 shares of the transportation company’s stock worth $547,000 after acquiring an additional 100 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Canadian National Railway by 1.1% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,350 shares of the transportation company’s stock valued at $1,105,000 after acquiring an additional 102 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Canadian National Railway by 19.3% during the 2nd quarter. Blue Trust Inc. now owns 648 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 105 shares in the last quarter. Finally, Doheny Asset Management CA boosted its holdings in shares of Canadian National Railway by 3.8% in the second quarter. Doheny Asset Management CA now owns 3,000 shares of the transportation company’s stock worth $354,000 after buying an additional 110 shares during the period. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Canadian National Railway Stock Up 0.4 %

CNI opened at $111.69 on Monday. The firm has a market cap of $70.34 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.49 and a current ratio of 0.64. The business has a 50 day moving average price of $112.39 and a 200 day moving average price of $116.57. Canadian National Railway has a twelve month low of $105.28 and a twelve month high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. The business 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%. Canadian National Railway’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. Research analysts forecast that Canadian National Railway will post 5.49 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.19%. Canadian National Railway’s payout ratio is presently 39.90%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CNI shares. Stephens restated an “equal weight” rating and set a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. Sanford C. Bernstein lowered their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research report on Wednesday, October 9th. Wells Fargo & Company upgraded shares of Canadian National Railway from an “equal weight” rating to an “overweight” rating and set a $125.00 target price for the company in a research report on Monday, October 7th. Royal Bank of Canada raised shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, October 10th. Finally, Stifel Nicolaus lifted their price objective on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $125.86.

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.