Dividend Assets Capital LLC Decreases Stock Holdings in Canadian National Railway (NYSE:CNI)

Dividend Assets Capital LLC lessened its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 12.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 14,792 shares of the transportation company’s stock after selling 2,068 shares during the quarter. Dividend Assets Capital LLC’s holdings in Canadian National Railway were worth $1,442,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CNI. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway in the fourth quarter worth $25,000. Arlington Trust Co LLC acquired a new stake in shares of Canadian National Railway in the 4th quarter worth $30,000. Lee Danner & Bass Inc. purchased a new position in Canadian National Railway during the 4th quarter worth $30,000. Addison Advisors LLC increased its position in Canadian National Railway by 80.2% during the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company’s stock valued at $32,000 after buying an additional 142 shares in the last quarter. Finally, Bruce G. Allen Investments LLC increased its position in Canadian National Railway by 44.2% during the 1st quarter. Bruce G. Allen Investments LLC now owns 346 shares of the transportation company’s stock valued at $34,000 after buying an additional 106 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Stock Down 0.3%

Shares of NYSE CNI opened at $104.60 on Tuesday. The firm has a market cap of $65.74 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 1.95 and a beta of 0.98. The company’s 50-day simple moving average is $101.20 and its 200-day simple moving average is $101.99. 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 has a 52-week low of $91.65 and a 52-week high of $125.87.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, May 1st. The transportation company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.03. Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $4.38 billion. During the same period in the previous year, the firm posted $1.72 EPS. Canadian National Railway’s revenue was up 3.6% compared to the same quarter last year. Equities analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 30th. Investors of record on Tuesday, June 10th will be given a dividend of $0.8875 per share. This represents a dividend yield of 2.47%. This is a boost from Canadian National Railway’s previous dividend of $0.29. The ex-dividend date of this dividend is Monday, June 9th. Canadian National Railway’s payout ratio is presently 50.29%.

Analyst Ratings Changes

CNI has been the subject of several recent analyst reports. Barclays lowered their price target on Canadian National Railway from $104.00 to $101.00 and set an “equal weight” rating for the company in a report on Friday, May 2nd. Susquehanna upgraded shares of Canadian National Railway from a “neutral” rating to a “positive” rating and set a $120.00 price objective for the company in a research note on Tuesday, May 6th. Stephens upped their target price on Canadian National Railway from $105.00 to $109.00 and gave the company an “equal weight” rating in a research report on Friday, May 2nd. Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Finally, Evercore ISI dropped their price target on Canadian National Railway from $119.00 to $114.00 and set an “outperform” rating on the stock in a research note on Friday, May 2nd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $120.36.

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.