Capital Group Private Client Services Inc. Trims Holdings in Canadian National Railway (NYSE:CNI)

Capital Group Private Client Services Inc. trimmed its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 27.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 197,455 shares of the transportation company's stock after selling 73,875 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in Canadian National Railway were worth $20,050,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. acquired a new position in shares of Canadian National Railway during the fourth quarter worth $25,000. Arlington Trust Co LLC purchased a new position in Canadian National Railway during the 4th quarter worth $30,000. Lee Danner & Bass Inc. acquired a new position in Canadian National Railway during the 4th quarter valued at about $30,000. Addison Advisors LLC raised its stake in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after acquiring an additional 108 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays decreased their price target on shares of Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating for the company in a report on Wednesday, April 2nd. Stifel Nicolaus lowered their price target on Canadian National Railway from $125.00 to $115.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Jefferies Financial Group cut their price objective on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Royal Bank of Canada dropped their price objective on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Finally, Wells Fargo & Company reduced their price objective 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has an average rating of "Moderate Buy" and a consensus price target of $120.36.

Canadian National Railway Price Performance

Shares of NYSE CNI traded down $0.52 during trading on Thursday, hitting $97.25. The company had a trading volume of 524,837 shares, compared to its average volume of 1,280,328. The firm has a market capitalization of $61.12 billion, a price-to-earnings ratio of 19.00, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a fifty-two week low of $91.65 and a fifty-two week high of $130.60. The stock has a fifty day simple moving average of $98.74 and a two-hundred day simple moving average of $104.03. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date was Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a yield of 2.53%. Canadian National Railway's payout ratio is presently 47.66%.

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.