Pictet Asset Management Holding SA Sells 11,000 Shares of Canadian National Railway Company $CNI

Pictet Asset Management Holding SA trimmed its holdings in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,085 shares of the transportation company’s stock after selling 11,000 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Canadian National Railway were worth $28,530,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. AQR Capital Management LLC bought a new stake in Canadian National Railway during the 1st quarter valued at about $311,000. Focus Partners Wealth boosted its position in Canadian National Railway by 11.1% in the 1st quarter. Focus Partners Wealth now owns 11,514 shares of the transportation company’s stock valued at $1,122,000 after buying an additional 1,146 shares during the period. Schnieders Capital Management LLC. bought a new position in Canadian National Railway in the 2nd quarter worth about $202,000. EverSource Wealth Advisors LLC grew its stake in Canadian National Railway by 52.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,118 shares of the transportation company’s stock worth $116,000 after acquiring an additional 383 shares in the last quarter. Finally, Baird Financial Group Inc. increased its position in shares of Canadian National Railway by 2.9% during the second quarter. Baird Financial Group Inc. now owns 17,094 shares of the transportation company’s stock worth $1,778,000 after acquiring an additional 474 shares during the period. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNI has been the subject of several research analyst reports. Bank of America raised shares of Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $117.00 to $122.00 in a research note on Thursday, April 9th. UBS Group cut Canadian National Railway from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Vertical Research upgraded Canadian National Railway from a “hold” rating to a “buy” rating in a report on Monday, January 5th. Royal Bank Of Canada lifted their target price on Canadian National Railway from $160.00 to $178.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Barclays upped their target price on Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a report on Thursday. Nine research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, Canadian National Railway presently has an average rating of “Hold” and an average price target of $122.04.

Canadian National Railway Trading Up 3.9%

NYSE:CNI opened at $112.26 on Friday. The firm has a 50-day simple moving average of $107.47 and a 200-day simple moving average of $101.32. Canadian National Railway Company has a one year low of $90.74 and a one year high of $115.80. The firm has a market cap of $68.34 billion, a P/E ratio of 20.41, a P/E/G ratio of 2.04 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.47 and a current ratio of 0.67.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings data on Wednesday, April 29th. The transportation company reported $1.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.31. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.15 billion. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.95%. The company’s quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $1.85 earnings per share. Equities analysts anticipate that Canadian National Railway Company will post 5.74 EPS for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 9th will be given a dividend of $0.915 per share. This represents a $3.66 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, June 9th. Canadian National Railway’s dividend payout ratio (DPR) is 49.36%.

More Canadian National Railway News

Here are the key news stories impacting Canadian National Railway this week:

• Positive Sentiment: Royal Bank of Canada raised its price target to $178 and kept an “outperform” rating — a very bullish signal showing large upside vs. the current price, which can prompt buying from institutional and retail investors. RBC raises target
• Positive Sentiment: Citigroup raised its target to $124 and reiterated a “buy,” presenting additional analyst support and near?term upside that likely encouraged further buying. Citi raises target
• Positive Sentiment: CN reported Q1 results with EPS roughly in line or slightly ahead of expectations, revenue roughly flat to modestly up, and management highlighted strong operational/commercial performance; the company also increased the dividend, which supports income?oriented investors. Q1 results & ops
• Positive Sentiment: Board declared a quarterly dividend of C$0.915 per share, sustaining a ~3.3% yield — a direct positive for yield-seeking shareholders and a signal of cash?flow confidence. Dividend declared
• Neutral Sentiment: CN filed a shelf prospectus/US registration to issue debt securities over the next 37 months — this provides funding flexibility (could be for general corporate purposes, refinancing, or growth) but is not immediately dilutive; investors will watch purpose and timing. Shelf prospectus
• Neutral Sentiment: CN issued a short statement that it is reviewing Union Pacific/Norfolk Southern’s amended merger re?application to the Surface Transportation Board and will remain engaged — potential long?term implications for network competition exist, but immediate impact is unclear. Merger statement
• Negative Sentiment: Barclays raised its target only slightly to $99 and maintains an “equal weight” view — that target implies downside versus the current price and may limit upside from more cautious investors. Barclays note

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.