Canadian National Railway Company $CNI Shares Sold by RWA Wealth Partners LLC

RWA Wealth Partners LLC lessened its stake in shares of Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,121 shares of the transportation company’s stock after selling 1,093 shares during the quarter. RWA Wealth Partners LLC’s holdings in Canadian National Railway were worth $3,966,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dagco Inc. bought a new position in Canadian National Railway during the 1st quarter valued at $32,000. Curio Wealth LLC lifted its holdings in shares of Canadian National Railway by 31,600.0% in the second quarter. Curio Wealth LLC now owns 317 shares of the transportation company’s stock valued at $33,000 after buying an additional 316 shares during the period. Brooklyn Investment Group boosted its stake in Canadian National Railway by 354.3% during the first quarter. Brooklyn Investment Group now owns 427 shares of the transportation company’s stock valued at $42,000 after buying an additional 333 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew its holdings in Canadian National Railway by 42.7% during the second 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 period. Finally, Kayne Anderson Rudnick Investment Management LLC bought a new stake in Canadian National Railway in the first quarter worth about $74,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Trading Up 0.5%

Canadian National Railway stock opened at $95.00 on Friday. The company has a 50 day moving average price of $94.92 and a 200 day moving average price of $98.61. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $113.08. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.58 and a current ratio of 0.82. The firm has a market capitalization of $58.78 billion, a price-to-earnings ratio of 18.27, a P/E/G ratio of 2.13 and a beta of 0.95.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Friday, October 31st. The transportation company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.28 by $0.05. The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $4.15 billion. Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The company’s revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.72 EPS. Research analysts forecast that Canadian National Railway Company will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Tuesday, December 9th will be paid a $0.8875 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $3.55 annualized dividend and a yield of 3.7%. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.65. Canadian National Railway’s dividend payout ratio (DPR) is currently 48.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNI shares. Susquehanna raised their price objective on shares of Canadian National Railway from $115.00 to $116.00 and gave the company a “positive” rating in a research report on Monday, November 3rd. Royal Bank Of Canada raised their target price on shares of Canadian National Railway from $148.00 to $158.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. National Bank Financial lowered shares of Canadian National Railway from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, July 23rd. Bank of America dropped their price target on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Finally, Citigroup increased their price objective on Canadian National Railway from $119.00 to $120.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Canadian National Railway presently has a consensus rating of “Hold” and an average price target of $114.00.

Canadian National Railway Company 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.