Canadian National Railway (NYSE:CNI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 25.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 50,464 shares of the transportation company's stock after selling 17,500 shares during the period. Mitsubishi UFJ Trust & Banking Corp's holdings in Canadian National Railway were worth $5,133,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. TD Asset Management Inc. increased its position in Canadian National Railway by 2.7% in the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock valued at $1,194,443,000 after acquiring an additional 309,210 shares during the period. CoreFirst Bank & Trust purchased a new position in shares of Canadian National Railway in the 4th quarter valued at approximately $92,000. ICW Investment Advisors LLC increased its holdings in shares of Canadian National Railway by 3.1% in the fourth quarter. ICW Investment Advisors LLC now owns 16,175 shares of the transportation company's stock valued at $1,642,000 after purchasing an additional 486 shares during the period. Vanguard Group Inc. increased its holdings in shares of Canadian National Railway by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock valued at $2,334,251,000 after purchasing an additional 101,228 shares during the period. Finally, Guardian Partners Inc. acquired a new stake in shares of Canadian National Railway during the fourth quarter worth $23,468,000. 80.74% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Bank of America cut their price objective on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Jefferies Financial Group raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price objective on the stock in a report on Friday, January 10th. Wells Fargo & Company cut their target price on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research note on Monday, January 13th. Finally, Barclays decreased their price target on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average target price of $123.36.

Canadian National Railway Price Performance

NYSE:CNI traded down $1.60 during mid-day trading on Friday, hitting $96.61. 1,795,801 shares of the company's stock traded hands, compared to its average volume of 1,250,716. 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 $60.71 billion, a PE ratio of 18.87, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The firm's 50 day simple moving average is $100.46 and its 200 day simple moving average is $105.95. Canadian National Railway has a 1 year low of $93.64 and a 1 year high of $132.27.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data 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%. Sell-side analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $0.6159 dividend. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.55%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway's payout ratio is 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.