CIBC Private Wealth Group LLC Sells 13,796 Shares of Canadian National Railway (NYSE:CNI)

CIBC Private Wealth Group LLC decreased its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 298,711 shares of the transportation company’s stock after selling 13,796 shares during the period. CIBC Private Wealth Group LLC’s holdings in Canadian National Railway were worth $30,588,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway during the 4th quarter valued at about $25,000. Arlington Trust Co LLC bought a new stake in Canadian National Railway during the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway in the 4th quarter worth approximately $30,000. Addison Advisors LLC increased its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 0.1 %

NYSE CNI opened at $97.35 on Tuesday. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.27. The stock has a market capitalization of $61.17 billion, a PE ratio of 19.01, a PEG ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The business’s 50-day moving average is $100.98 and its 200 day moving average is $106.35.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its earnings results 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 net margin of 26.09% and a return on equity of 22.48%. Sell-side analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.53%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date was Monday, March 10th. Canadian National Railway’s dividend payout ratio (DPR) is currently 47.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wells Fargo & Company cut their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research report on Monday, January 13th. Loop Capital lowered Canadian National Railway from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Jefferies Financial Group raised shares of Canadian National Railway from a “hold” rating to a “buy” rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Finally, Stifel Nicolaus upped their price objective on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat.com, Canadian National Railway currently has a consensus rating of “Moderate Buy” and an average target price of $124.02.

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.