Canadian National Railway (NYSE:CNI) Stock Holdings Lessened by Cobblestone Capital Advisors LLC NY

Cobblestone Capital Advisors LLC NY cut its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,647 shares of the transportation company's stock after selling 3,483 shares during the quarter. Cobblestone Capital Advisors LLC NY's holdings in Canadian National Railway were worth $16,409,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. SVB Wealth LLC purchased a new stake in Canadian National Railway during the fourth quarter worth about $339,000. Mn Services Vermogensbeheer B.V. boosted its stake in shares of Canadian National Railway by 2.0% during the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 214,760 shares of the transportation company's stock worth $21,797,000 after acquiring an additional 4,300 shares in the last quarter. K.J. Harrison & Partners Inc grew its holdings in shares of Canadian National Railway by 17.6% in the 4th quarter. K.J. Harrison & Partners Inc now owns 10,041 shares of the transportation company's stock worth $1,022,000 after acquiring an additional 1,500 shares during the period. Lincluden Management Ltd. grew its holdings in shares of Canadian National Railway by 31.1% in the 4th quarter. Lincluden Management Ltd. now owns 362,587 shares of the transportation company's stock worth $36,819,000 after acquiring an additional 86,096 shares during the period. Finally, Addison Advisors LLC increased its stake in Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock valued at $32,000 after purchasing an additional 142 shares in the last quarter. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Stifel Nicolaus upped their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a report on Friday, January 31st. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Wells Fargo & Company lowered their price target on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research report on Monday, January 13th. Finally, Jefferies Financial Group upgraded Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price objective for the company in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway has a consensus rating of "Moderate Buy" and an average price target of $124.19.

Canadian National Railway Stock Up 2.8 %

Shares of NYSE CNI traded up $2.70 during trading on Wednesday, reaching $100.17. 1,107,801 shares of the stock were exchanged, compared to its average volume of 1,408,750. The company has a market capitalization of $62.93 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91. The business's 50-day moving average price is $102.34 and its 200 day moving average price is $108.83. 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 has a twelve month low of $96.28 and a twelve month high of $134.02.

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 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%. As a group, equities analysts forecast that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be paid a dividend of $0.6159 per share. This represents a $2.46 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date of this dividend is Monday, March 10th. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio (DPR) 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.