Carret Asset Management LLC Has $2.04 Million Stock Holdings in Canadian National Railway (NYSE:CNI)

Carret Asset Management LLC reduced its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 25.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,066 shares of the transportation company's stock after selling 6,860 shares during the quarter. Carret Asset Management LLC's holdings in Canadian National Railway were worth $2,037,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of 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 buying an additional 108 shares during the period. Crestwood Advisors Group LLC boosted its position in shares of Canadian National Railway by 4.2% in the fourth quarter. Crestwood Advisors Group LLC now owns 2,814 shares of the transportation company's stock worth $286,000 after buying an additional 114 shares during the period. Addison Advisors LLC raised its holdings in shares of Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after acquiring an additional 142 shares in the last quarter. Assetmark Inc. raised its holdings in shares of Canadian National Railway by 3.1% during the third quarter. Assetmark Inc. now owns 4,980 shares of the transportation company's stock worth $583,000 after acquiring an additional 152 shares in the last quarter. Finally, Banque Cantonale Vaudoise raised its holdings in shares of Canadian National Railway by 5.2% during the third quarter. Banque Cantonale Vaudoise now owns 3,099 shares of the transportation company's stock worth $363,000 after acquiring an additional 152 shares in the last quarter. 80.74% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

CNI has been the subject of several recent research reports. Royal Bank of Canada cut their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a report on Friday, January 31st. Wells Fargo & Company cut their price objective on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a report on Monday, January 13th. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Bank of America cut their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $124.19.

Canadian National Railway Stock Performance

Shares of Canadian National Railway stock traded down $0.71 during trading on Tuesday, reaching $97.50. The company's stock had a trading volume of 807,418 shares, compared to its average volume of 1,183,798. 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 business's fifty day moving average price is $101.67 and its 200-day moving average price is $107.71. The firm has a market cap of $61.27 billion, a price-to-earnings ratio of 19.04, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. Canadian National Railway has a one year low of $93.64 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results 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%. As a group, equities research analysts predict that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This is an increase 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 dividend payout ratio (DPR) is 47.66%.

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.