4,442 Canadian National Railway Company $CNI Shares Sold by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lessened its stake in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 50.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,362 shares of the transportation company’s stock after selling 4,442 shares during the period. Oppenheimer & Co. Inc.’s holdings in Canadian National Railway were worth $519,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC lifted its position in shares of Canadian National Railway by 19.0% during the third quarter. Park Avenue Securities LLC now owns 8,902 shares of the transportation company’s stock worth $1,059,000 after purchasing an additional 1,419 shares during the last quarter. Viewpoint Investment Partners Corp increased its holdings in Canadian National Railway by 19.6% in the third quarter. Viewpoint Investment Partners Corp now owns 21,331 shares of the transportation company’s stock valued at $2,535,000 after buying an additional 3,500 shares during the last quarter. Norris Perne & French LLP MI bought a new stake in Canadian National Railway in the third quarter valued at about $218,000. Signaturefd LLC increased its holdings in Canadian National Railway by 4.1% in the third quarter. Signaturefd LLC now owns 8,687 shares of the transportation company’s stock valued at $1,033,000 after buying an additional 339 shares during the last quarter. Finally, Lorne Steinberg Wealth Management Inc. raised its stake in Canadian National Railway by 3.0% during the third quarter. Lorne Steinberg Wealth Management Inc. now owns 122,009 shares of the transportation company’s stock valued at $14,522,000 after buying an additional 3,529 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CNI. Raymond James Financial downgraded Canadian National Railway from a “moderate buy” rating to a “hold” rating in a report on Monday, October 19th. Citigroup boosted their price target on Canadian National Railway from $143.00 to $145.00 and gave the company a “buy” rating in a report on Monday. Royal Bank Of Canada upped their price target on Canadian National Railway from $195.00 to $205.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Citizens Jmp began coverage on Canadian National Railway in a research note on Wednesday, July 15th. They set a “market perform” rating on the stock. Finally, Barclays lifted their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock an “equal weight” rating in a report on Monday. Nine research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Canadian National Railway has an average rating of “Hold” and a consensus price target of $138.76.

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $126.51 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.82 and a debt-to-equity ratio of 0.98. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $131.55. The firm has a 50-day simple moving average of $121.62 and a 200 day simple moving average of $115.91. The company has a market cap of $76.23 billion, a PE ratio of 22.04, a P/E/G ratio of 2.36 and a beta of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its earnings results on Friday, October 30th. The transportation company reported $1.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.05. Canadian National Railway had a net margin of 26.42% and a return on equity of 22.82%. The firm had revenue of $3.35 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the company posted $1.83 earnings per share. Canadian National Railway’s revenue was down 99.9% on a year-over-year basis. On average, sell-side analysts anticipate that Canadian National Railway Company will post 5.84 EPS for the current year.

Canadian National Railway Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 9th will be given a dividend of C$0.92 per share. This represents a $3.66 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, December 9th. Canadian National Railway’s dividend payout ratio is presently 45.47%.

Canadian National Railway Profile

Canadian National Railway Company (NYSE: CNI) is a transportation and logistics company that operates a major freight railway network across Canada and the United States. The company provides rail, intermodal and related transportation services for shippers, connecting production and consumption centers with ports and distribution hubs.

CN transports a broad range of commodities and manufactured goods, including petroleum and chemicals, grain and fertilizers, forest products, metals and minerals, coal, automotive products and consumer goods.