Prime Capital Investment Advisors LLC Sells 1,035 Shares of Canadian National Railway Company $CNI

Prime Capital Investment Advisors LLC lessened its position in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 20.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,057 shares of the transportation company’s stock after selling 1,035 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Canadian National Railway were worth $422,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of CNI. Dagco Inc. bought a new position in shares of Canadian National Railway during the first quarter valued at about $32,000. CX Institutional bought a new position in Canadian National Railway during the 1st quarter worth approximately $39,000. Brooklyn Investment Group grew its position in Canadian National Railway by 354.3% during the 1st quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock worth $42,000 after acquiring an additional 333 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in Canadian National Railway by 42.7% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 558 shares of the transportation company’s stock worth $58,000 after acquiring an additional 167 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Canadian National Railway by 31.3% during the 1st 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 last quarter. 80.74% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Argus upgraded shares of Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Bank of America cut their price target on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Weiss Ratings reissued a “hold (c-)” rating on shares of Canadian National Railway in a report on Wednesday. Wells Fargo & Company cut their target price on Canadian National Railway from $117.00 to $110.00 and set an “overweight” rating on the stock in a research note on Monday, October 6th. Finally, Raymond James Financial raised Canadian National Railway from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.30.

Canadian National Railway Trading Down 1.0%

Shares of CNI opened at $94.51 on Friday. The firm’s 50-day moving average price is $94.54 and its 200-day moving average price is $98.95. The company has a current ratio of 0.82, a quick ratio of 0.58 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $58.67 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 2.15 and a beta of 0.96. Canadian National Railway Company has a 1-year low of $91.07 and a 1-year high of $116.79.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.02). The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $4.34 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business’s revenue was down 1.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.84 earnings per share. Sell-side analysts anticipate that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were given a dividend of $0.6507 per share. This is a boost 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%. The ex-dividend date was Monday, September 8th. Canadian National Railway’s dividend payout ratio is presently 50.19%.

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.