Trust Co. of Vermont Sells 300 Shares of Canadian National Railway Company $CNI

Trust Co. of Vermont decreased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,128 shares of the transportation company’s stock after selling 300 shares during the period. Trust Co. of Vermont’s holdings in Canadian National Railway were worth $429,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Founders Capital Management LLC bought a new position in shares of Canadian National Railway in the second quarter worth about $3,335,000. Goldman Sachs Group Inc. boosted its stake in shares of Canadian National Railway by 39.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock worth $259,694,000 after acquiring an additional 755,518 shares during the period. GAMMA Investing LLC boosted its stake in shares of Canadian National Railway by 31.3% in the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock worth $70,000 after acquiring an additional 171 shares during the period. Cardinal Capital Management Inc. boosted its stake in shares of Canadian National Railway by 3.1% in the second quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock worth $76,178,000 after acquiring an additional 22,035 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of Canadian National Railway by 3.7% in the first quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company’s stock worth $9,185,000 after acquiring an additional 3,400 shares during the period. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.2%

Shares of CNI stock opened at $94.52 on Thursday. Canadian National Railway Company has a 1 year low of $91.07 and a 1 year high of $117.42. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.82 and a quick ratio of 0.58. The stock’s 50 day simple moving average is $94.37 and its two-hundred day simple moving average is $99.05. The company has a market cap of $58.68 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company had revenue of $3.14 billion for the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter last year, the company earned $1.84 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Research analysts predict 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 declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 8th were issued a $0.6507 dividend. The ex-dividend date was Monday, September 8th. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 annualized dividend and a dividend yield of 2.8%. Canadian National Railway’s dividend payout ratio (DPR) is currently 50.19%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada dropped their price objective on Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a research note on Wednesday, July 23rd. Bank of America decreased their target price on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a research report on Monday. Susquehanna decreased their target price on Canadian National Railway from $120.00 to $115.00 and set a “positive” rating on the stock in a research report on Thursday, September 25th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Finally, Wells Fargo & Company decreased their target price on Canadian National Railway from $120.00 to $117.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $116.86.

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.