Elefante Mark B Sells 1,810 Shares of Canadian National Railway Company $CNI

Elefante Mark B decreased its holdings in Canadian National Railway Company (NYSE:CNI) (TSE:CNR) by 6.3% in the second quarter, Holdings Channel reports. The firm owned 26,943 shares of the transportation company’s stock after selling 1,810 shares during the quarter. Canadian National Railway accounts for about 2.1% of Elefante Mark B’s portfolio, making the stock its 24th biggest position. Elefante Mark B’s holdings in Canadian National Railway were worth $2,803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Bennett Selby Investments LP increased its holdings in shares of Canadian National Railway by 2.2% in the 2nd quarter. Bennett Selby Investments LP now owns 4,796 shares of the transportation company’s stock worth $499,000 after purchasing an additional 101 shares in the last quarter. Heartland Advisors Inc. increased its holdings in shares of Canadian National Railway by 0.9% in the 1st quarter. Heartland Advisors Inc. now owns 12,293 shares of the transportation company’s stock worth $1,198,000 after purchasing an additional 108 shares in the last quarter. IFP Advisors Inc increased its holdings in shares of Canadian National Railway by 3.3% in the 2nd quarter. IFP Advisors Inc now owns 3,582 shares of the transportation company’s stock worth $373,000 after purchasing an additional 115 shares in the last quarter. Diversified Trust Co increased its holdings in shares of Canadian National Railway by 5.7% in the 1st quarter. Diversified Trust Co now owns 2,561 shares of the transportation company’s stock worth $250,000 after purchasing an additional 139 shares in the last quarter. Finally, Mather Group LLC. increased its holdings in shares of Canadian National Railway by 3.4% in the 1st quarter. Mather Group LLC. now owns 4,351 shares of the transportation company’s stock worth $424,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Price Performance

Shares of Canadian National Railway stock opened at $96.15 on Tuesday. The stock’s 50-day simple moving average is $94.59 and its 200-day simple moving average is $98.93. Canadian National Railway Company has a 52 week low of $91.07 and a 52 week high of $116.79. The company has a market capitalization of $59.69 billion, a price-to-earnings ratio of 18.49, a PEG ratio of 2.14 and a beta of 0.96. The company has a quick ratio of 0.58, a current ratio of 0.82 and a debt-to-equity ratio of 0.90.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its quarterly earnings data on Tuesday, July 22nd. The transportation company reported $1.35 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.02). Canadian National Railway had a net margin of 26.63% and a return on equity of 21.71%. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $4.34 billion. During the same quarter in the previous year, the firm earned $1.84 earnings per share. Canadian National Railway’s revenue was down 1.3% on a year-over-year basis. As a group, analysts expect that Canadian National Railway Company will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 8th were given a $0.6507 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.62. This represents a $2.60 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, September 8th. Canadian National Railway’s dividend payout ratio (DPR) is presently 50.19%.

Wall Street Analyst Weigh In

Several analysts recently commented on CNI shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Canadian National Railway in a report on Wednesday, July 23rd. Royal Bank Of Canada cut their price target on Canadian National Railway from $161.00 to $157.00 and set an “outperform” rating for the company in a report on Wednesday, July 23rd. Citigroup cut their price target on Canadian National Railway from $121.00 to $119.00 and set a “buy” rating for the company in a report on Monday. Bank of America cut their price target on Canadian National Railway from $106.00 to $102.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Finally, Argus raised Canadian National Railway to a “hold” rating in a report on Friday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Canadian National Railway has an average rating of “Moderate Buy” and an average target price of $113.90.

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.