Canadian National Railway (NYSE:CNI) Stock Position Decreased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 41.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,233 shares of the transportation company's stock after selling 21,079 shares during the period. Crossmark Global Holdings Inc.'s holdings in Canadian National Railway were worth $3,424,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CNI. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Canadian National Railway during the second quarter worth about $26,000. Addison Advisors LLC increased its stake in Canadian National Railway by 159.1% during the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock worth $28,000 after buying an additional 148 shares during the period. Fortitude Family Office LLC increased its stake in Canadian National Railway by 738.7% during the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock worth $30,000 after buying an additional 229 shares during the period. ORG Partners LLC acquired a new position in Canadian National Railway during the 2nd quarter worth approximately $34,000. Finally, Reston Wealth Management LLC acquired a new position in Canadian National Railway during the 3rd quarter worth approximately $41,000. Hedge funds and other institutional investors own 80.74% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Susquehanna lowered their target price on shares of Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating for the company in a report on Wednesday, October 23rd. Veritas upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a "hold" rating in a research note on Wednesday, October 23rd. Benchmark restated a "hold" rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Finally, Stephens restated an "equal weight" rating and set a $116.00 price objective on shares of Canadian National Railway in a research report on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $125.48.

Canadian National Railway Stock Down 0.7 %

Shares of CNI traded down $0.75 during midday trading on Tuesday, reaching $110.89. 454,685 shares of the company were exchanged, compared to its average volume of 1,113,135. The stock has a 50-day moving average price of $114.58 and a 200-day moving average price of $118.03. The company has a market cap of $69.73 billion, a price-to-earnings ratio of 17.90, a P/E/G ratio of 2.49 and a beta of 0.89. Canadian National Railway has a 1-year low of $107.54 and a 1-year high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The company had revenue of $4.11 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. The firm's quarterly revenue was up 3.1% on a year-over-year basis. Research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Monday, December 9th. Canadian National Railway's payout ratio is 39.90%.

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.