Pathway Financial Advisers LLC Sells 176,593 Shares of Canadian National Railway (NYSE:CNI)

Pathway Financial Advisers LLC trimmed its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 99.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,521 shares of the transportation company's stock after selling 176,593 shares during the period. Pathway Financial Advisers LLC's holdings in Canadian National Railway were worth $154,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI boosted its holdings in Canadian National Railway by 46.5% during 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 buying an additional 2,137,948 shares during the last quarter. Canoe Financial LP bought a new position in Canadian National Railway during the fourth quarter worth about $216,943,000. Point72 Asset Management L.P. bought a new position in Canadian National Railway during the third quarter worth about $159,907,000. Wellington Management Group LLP boosted its holdings 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 during the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Canadian National Railway by 64.5% during the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company's stock worth $174,813,000 after buying an additional 584,832 shares during the last quarter. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Stephens reiterated an "equal weight" rating and set a $116.00 price objective on shares of Canadian National Railway in a report on Wednesday, October 23rd. Stifel Nicolaus boosted their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Veritas upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, October 23rd. Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 target price on the stock in a research note on Friday, January 10th. Finally, Susquehanna cut their target price on Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Canadian National Railway has an average rating of "Moderate Buy" and an average price target of $124.19.

Canadian National Railway Price Performance

Shares of CNI stock traded down $0.88 on Monday, hitting $101.69. 1,412,653 shares of the company's stock were exchanged, compared to its average volume of 1,372,838. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 12 month low of $98.69 and a 12 month high of $134.02. The stock has a market cap of $63.95 billion, a P/E ratio of 19.86, a price-to-earnings-growth ratio of 1.94 and a beta of 0.91. The company has a 50 day moving average of $102.88 and a 200 day moving average of $109.71.

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 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%. On average, equities research analysts predict that Canadian National Railway will post 5.49 EPS 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 paid a $0.6159 dividend. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.42%. Canadian National Railway's dividend payout ratio is presently 46.68%.

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.