Constitution Capital LLC Sells 100 Shares of Canadian National Railway (NYSE:CNI)

Constitution Capital LLC trimmed its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,432 shares of the transportation company’s stock after selling 100 shares during the quarter. Constitution Capital LLC’s holdings in Canadian National Railway were worth $348,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CNI. Fortitude Family Office LLC raised its holdings in shares of Canadian National Railway by 738.7% in the 3rd 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 period. Coastline Trust Co bought a new stake in Canadian National Railway in the third quarter valued at approximately $34,000. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Canadian National Railway by 48.2% in 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 last quarter. Reston Wealth Management LLC bought a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $41,000. Finally, Sanctuary Wealth Management L.L.C. acquired a new position in shares of Canadian National Railway during the 3rd quarter worth approximately $56,000. Institutional investors and hedge funds own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CNI. JPMorgan Chase & Co. raised Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Citigroup raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $126.00 to $130.00 in a report on Tuesday, November 12th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a report on Friday, January 10th. 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. Finally, Barclays upped their target price 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, Canadian National Railway currently has an average rating of “Moderate Buy” and an average price target of $124.77.

Canadian National Railway Stock Up 1.3 %

CNI stock opened at $101.98 on Friday. Canadian National Railway has a 52 week low of $98.96 and a 52 week high of $134.02. The business has a 50-day simple moving average of $105.85 and a 200 day simple moving average of $112.09. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The company has a market cap of $64.13 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The firm had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Canadian National Railway will post 5.21 EPS for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 9th were given a dividend of $0.6108 per share. The ex-dividend date was Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.40%. Canadian National Railway’s dividend payout ratio is currently 38.30%.

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.