Broderick Brian C Sells 4,980 Shares of Canadian National Railway (NYSE:CNI)

Broderick Brian C lessened its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 102,792 shares of the transportation company's stock after selling 4,980 shares during the quarter. Canadian National Railway comprises approximately 2.0% of Broderick Brian C's portfolio, making the stock its 22nd biggest holding. Broderick Brian C's holdings in Canadian National Railway were worth $10,434,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Canadian National Railway during the 4th quarter worth approximately $563,048,000. National Bank of Canada FI increased its holdings in shares of Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the period. Canoe Financial LP purchased a new stake in shares of Canadian National Railway in the fourth quarter worth $216,943,000. Arrowstreet Capital Limited Partnership boosted its stake in Canadian National Railway by 29.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,814,469 shares of the transportation company's stock valued at $488,488,000 after buying an additional 1,102,977 shares during the period. Finally, Wellington Management Group LLP grew its position in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock worth $2,175,935,000 after buying an additional 790,420 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

CNI has been the topic of several research reports. Stifel Nicolaus raised 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 report on Friday, January 31st. Bank of America reduced their price target on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Royal Bank of Canada dropped their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Jefferies Financial Group decreased their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research note on Wednesday. Finally, Citigroup dropped their price target on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of "Moderate Buy" and a consensus price target of $121.19.

Canadian National Railway Stock Up 0.5 %

Shares of NYSE CNI traded up $0.49 during mid-day trading on Wednesday, hitting $93.15. 377,213 shares of the stock traded hands, compared to its average volume of 1,258,132. The stock has a fifty day moving average price of $99.71 and a 200-day moving average price of $105.34. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The company has a market cap of $58.54 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 52 week low of $90.70 and a 52 week high of $132.27.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued 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 return on equity of 22.48% and a net margin of 26.09%. Research analysts anticipate that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a dividend of $0.6159 per share. This represents a $2.46 annualized dividend and a dividend yield of 2.64%. 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 is presently 47.66%.

About Canadian National Railway

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.