First Foundation Advisors Sells 189 Shares of Canadian National Railway (NYSE:CNI)

First Foundation Advisors cut its holdings in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,946 shares of the transportation company’s stock after selling 189 shares during the period. First Foundation Advisors’ holdings in Canadian National Railway were worth $401,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in shares of Canadian National Railway during the 3rd quarter valued at approximately $823,000. Geode Capital Management LLC increased its stake in shares of Canadian National Railway by 6.6% in the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company’s stock worth $302,895,000 after purchasing an additional 158,757 shares in the last quarter. Advisory Resource Group raised its position in shares of Canadian National Railway by 13.4% during the 3rd quarter. Advisory Resource Group now owns 8,391 shares of the transportation company’s stock valued at $983,000 after purchasing an additional 989 shares during the period. SkyView Investment Advisors LLC lifted its stake in shares of Canadian National Railway by 5.0% during the 3rd quarter. SkyView Investment Advisors LLC now owns 40,218 shares of the transportation company’s stock valued at $4,712,000 after buying an additional 1,903 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Canadian National Railway by 115.2% during the third quarter. Wilmington Savings Fund Society FSB now owns 4,382 shares of the transportation company’s stock worth $513,000 after purchasing an additional 2,346 shares in the last quarter. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Down 2.6 %

Shares of NYSE:CNI opened at $95.75 on Friday. 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 has a 50 day simple moving average of $99.40 and a two-hundred day simple moving average of $105.01. Canadian National Railway has a 1 year low of $91.65 and a 1 year high of $132.27. The firm has a market capitalization of $60.17 billion, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were paid a $0.6159 dividend. 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 2.57%. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway’s dividend payout ratio is currently 47.66%.

Analysts Set New Price Targets

CNI has been the subject of a number of research analyst reports. Jefferies Financial Group cut their price objective on shares of Canadian National Railway from $120.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday. Bank of America reduced their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating on the stock in a report on Wednesday, January 8th. Susquehanna cut their price objective on Canadian National Railway from $115.00 to $113.00 and set a “neutral” rating for the company in a research report on Thursday, March 27th. Evercore ISI raised Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Finally, Stifel Nicolaus raised their price target on Canadian National Railway from $120.00 to $125.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $121.19.

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.