Capital International Investors Sells 118,538 Shares of Canadian National Railway Company $CNI

by · The Markets Daily

Capital International Investors cut its holdings in Canadian National Railway Company (NYSE:CNI – Free Report) (TSE:CNR) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,917,406 shares of the transportation company’s stock after selling 118,538 shares during the period. Capital International Investors’ holdings in Canadian National Railway were worth $981,275,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Tacita Capital Inc raised its position in Canadian National Railway by 0.6% in the fourth quarter. Tacita Capital Inc now owns 19,809 shares of the transportation company’s stock worth $1,960,000 after acquiring an additional 109 shares during the period. Roberts Glore & Co. Inc. IL raised its position in Canadian National Railway by 1.5% in the fourth quarter. Roberts Glore & Co. Inc. IL now owns 7,233 shares of the transportation company’s stock worth $715,000 after acquiring an additional 110 shares during the period. EverSource Wealth Advisors LLC raised its position in Canadian National Railway by 10.1% in the third quarter. EverSource Wealth Advisors LLC now owns 1,231 shares of the transportation company’s stock worth $116,000 after acquiring an additional 113 shares during the period. Patten Group Inc. raised its position in Canadian National Railway by 1.4% in the fourth quarter. Patten Group Inc. now owns 8,326 shares of the transportation company’s stock worth $823,000 after acquiring an additional 114 shares during the period. Finally, ICW Investment Advisors LLC raised its position in Canadian National Railway by 0.7% in the third quarter. ICW Investment Advisors LLC now owns 16,525 shares of the transportation company’s stock worth $1,558,000 after acquiring an additional 120 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CNI. Royal Bank Of Canada increased their price target on shares of Canadian National Railway from $160.00 to $178.00 and gave the stock an “outperform” rating in a research report on Thursday, April 30th. Bank of America upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and increased their price target for the stock from $117.00 to $122.00 in a research report on Thursday, April 9th. Citigroup increased their price target on shares of Canadian National Railway from $123.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Barclays increased their price objective on shares of Canadian National Railway from $98.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 30th. Finally, Sanford C. Bernstein increased their price objective on shares of Canadian National Railway from $113.88 to $117.36 and gave the stock a “market perform” rating in a research note on Tuesday, March 31st. Nine equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $122.04.

Check Out Our Latest Research Report on CNI

Canadian National Railway Price Performance

Shares of NYSE:CNI opened at $120.50 on Friday. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.49 and a current ratio of 0.67. The firm has a fifty day moving average price of $111.57 and a 200 day moving average price of $104.63. Canadian National Railway Company has a fifty-two week low of $90.74 and a fifty-two week high of $122.48. The firm has a market cap of $73.23 billion, a price-to-earnings ratio of 21.91, a P/E/G ratio of 2.31 and a beta of 0.96.

Canadian National Railway (NYSE:CNI – Get Free Report) (TSE:CNR) last issued its earnings results on Wednesday, April 29th. The transportation company reported $1.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.31. Canadian National Railway had a net margin of 27.22% and a return on equity of 21.90%. The firm had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. Canadian National Railway’s revenue for the quarter was down .5% on a year-over-year basis. As a group, sell-side analysts expect that Canadian National Railway Company will post 5.76 earnings per share for the current fiscal year.

Canadian National Railway Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be given a dividend of $0.915 per share. The ex-dividend date is Tuesday, June 9th. This represents a $3.66 dividend on an annualized basis and a dividend yield of 3.0%. Canadian National Railway’s dividend payout ratio is currently 48.73%.

Canadian National Railway Profile

(Free Report)

Canadian National Railway Company (NYSE: CNI) is a Class I freight railway that operates an integrated rail network across Canada and the United States. Headquartered in Montreal, Quebec, CN provides long-haul freight transportation and related logistics services that connect major ports, industrial centers and inland markets throughout North America. Its transcontinental system enables cross-border movement of goods and supports supply chains that span coast-to-coast in Canada and into the central and eastern United States.

CN’s core business is the railborne transportation of a broad mix of commodities, including intermodal container traffic, forest and paper products, grain and other agricultural products, metallurgical and industrial products, petroleum and chemical products, coal and automotive shipments.

See Also

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