Blair William & Co. IL Decreases Stock Holdings in Canadian National Railway Company $CNI

Blair William & Co. IL trimmed its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 0.3% in the 2nd quarter, Holdings Channel reports. The firm owned 45,746 shares of the transportation company’s stock after selling 158 shares during the period. Blair William & Co. IL’s holdings in Canadian National Railway were worth $4,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Founders Capital Management LLC purchased a new position in shares of Canadian National Railway during the second quarter valued at approximately $3,335,000. Goldman Sachs Group Inc. raised its holdings in shares of Canadian National Railway by 39.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,664,618 shares of the transportation company’s stock valued at $259,694,000 after purchasing an additional 755,518 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Canadian National Railway by 31.3% during the first quarter. GAMMA Investing LLC now owns 718 shares of the transportation company’s stock valued at $70,000 after purchasing an additional 171 shares during the last quarter. Cardinal Capital Management Inc. raised its holdings in shares of Canadian National Railway by 3.1% during the second quarter. Cardinal Capital Management Inc. now owns 731,350 shares of the transportation company’s stock valued at $76,178,000 after purchasing an additional 22,035 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Canadian National Railway by 3.7% during the first quarter. Principal Financial Group Inc. now owns 94,400 shares of the transportation company’s stock valued at $9,185,000 after purchasing an additional 3,400 shares during the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Performance

Shares of NYSE CNI opened at $94.51 on Monday. The firm has a fifty day moving average price of $94.54 and a 200-day moving average price of $98.94. 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 has a market cap of $58.67 billion, a PE ratio of 18.18, a price-to-earnings-growth ratio of 2.14 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 announced 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). The firm had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. Canadian National Railway had a return on equity of 21.71% and a net margin of 26.63%.The business’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period last year, the company earned $1.84 earnings per share. Equities analysts anticipate that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 8th were paid a $0.6507 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Monday, September 8th. Canadian National Railway’s dividend payout ratio is currently 50.19%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CNI. Bank of America decreased their price objective on shares of Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Susquehanna cut their target price on shares of Canadian National Railway from $120.00 to $115.00 and set a “positive” rating for the company in a research report on Thursday, September 25th. JPMorgan Chase & Co. restated a “neutral” rating on shares of Canadian National Railway in a research report on Wednesday, July 23rd. Wall Street Zen lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Saturday, October 4th. Finally, Raymond James Financial upgraded shares of Canadian National Railway from a “market perform” rating to an “outperform” rating in a research report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $114.30.

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.