Canadian National Railway (NYSE:CNI) Shares Sold by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY trimmed its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 161,647 shares of the transportation company’s stock after selling 3,483 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Canadian National Railway were worth $16,409,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its holdings in Canadian National Railway by 48.2% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 108 shares during the last quarter. Crestwood Advisors Group LLC boosted its position in Canadian National Railway by 4.2% in the 4th quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company’s stock valued at $286,000 after buying an additional 114 shares during the period. Catalytic Wealth RIA LLC boosted its position in Canadian National Railway by 2.3% in the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company’s stock valued at $654,000 after buying an additional 123 shares during the period. Addison Advisors LLC lifted its position in shares of Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after purchasing an additional 142 shares during the last quarter. Finally, Assetmark Inc. raised its stake in Canadian National Railway by 3.1% during the 3rd quarter. Assetmark Inc. now owns 4,980 shares of the transportation company’s stock worth $583,000 after acquiring an additional 152 shares in the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays dropped their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Wells Fargo & Company reduced their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Royal Bank of Canada cut their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Loop Capital lowered shares of Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway Trading Up 1.6 %

Shares of NYSE:CNI opened at $101.38 on Friday. Canadian National Railway has a fifty-two week low of $98.69 and a fifty-two week high of $134.02. The company has a market cap of $63.69 billion, a PE ratio of 19.80, a P/E/G ratio of 1.95 and a beta of 0.91. The company’s 50-day moving average price is $102.53 and its 200 day moving average price is $109.07. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. Sell-side analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.43%. Canadian National Railway’s payout ratio is presently 47.66%.

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.