Kornitzer Capital Management Inc. KS Has $9.54 Million Stake in Canadian National Railway (NYSE:CNI)

Kornitzer Capital Management Inc. KS lowered its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 15.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 93,998 shares of the transportation company's stock after selling 16,603 shares during the period. Kornitzer Capital Management Inc. KS's holdings in Canadian National Railway were worth $9,542,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CNI. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares in the last quarter. Catalytic Wealth RIA LLC boosted its position in shares of Canadian National Railway by 2.3% during the 3rd quarter. Catalytic Wealth RIA LLC now owns 5,582 shares of the transportation company's stock valued at $654,000 after acquiring an additional 123 shares in the last quarter. Assetmark Inc. boosted its position in shares of Canadian National Railway by 3.1% during the 3rd quarter. Assetmark Inc. now owns 4,980 shares of the transportation company's stock valued at $583,000 after acquiring an additional 152 shares in the last quarter. Banque Cantonale Vaudoise boosted its position in shares of Canadian National Railway by 5.2% during the 3rd quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company's stock valued at $363,000 after acquiring an additional 152 shares in the last quarter. Finally, Harbour Investments Inc. boosted its position in shares of Canadian National Railway by 5.3% during the 3rd quarter. Harbour Investments Inc. now owns 3,146 shares of the transportation company's stock valued at $369,000 after acquiring an additional 158 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on CNI shares. 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 research report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research report on Friday, January 10th. Susquehanna reduced their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price target 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. Finally, Royal Bank of Canada reduced their price target on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the company's stock. According to MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.19.

Canadian National Railway Trading Up 0.1 %

Shares of CNI traded up $0.15 on Friday, reaching $103.98. 1,342,664 shares of the company's stock were exchanged, compared to its average volume of 1,372,140. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $65.33 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 1.93 and a beta of 0.91. The business has a 50 day moving average price of $102.64 and a two-hundred day moving average price of $109.47.

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 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Research analysts anticipate that Canadian National Railway will post 5.5 earnings per share for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be issued a $0.6159 dividend. This represents a $2.46 annualized dividend and a dividend yield of 2.37%. The ex-dividend date is Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio is 46.68%.

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.