Dillon & Associates Inc. Sells 2,812 Shares of Canadian National Railway (NYSE:CNI)

Dillon & Associates Inc. trimmed its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 78,589 shares of the transportation company's stock after selling 2,812 shares during the quarter. Canadian National Railway comprises about 1.1% of Dillon & Associates Inc.'s portfolio, making the stock its 27th biggest holding. Dillon & Associates Inc.'s holdings in Canadian National Railway were worth $8,016,000 as of its most recent filing with the SEC.

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

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Canadian National Railway Stock Down 2.4 %

CNI stock traded down $2.37 during trading on Friday, reaching $97.39. The stock had a trading volume of 1,023,560 shares, compared to its average volume of 1,239,622. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $61.20 billion, a price-to-earnings ratio of 19.02, a P/E/G 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 $132.27. The company's 50 day moving average is $101.07 and its two-hundred day moving average is $106.64.

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 (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. Equities research analysts forecast that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend yield of 2.53%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway's payout ratio is presently 47.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on CNI shares. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Jefferies Financial Group raised Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target on the stock in a research note on Friday, January 10th. Barclays reduced their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Royal Bank of Canada dropped their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a research report on Friday, January 31st. Finally, Susquehanna dropped their price target on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company's stock. According to MarketBeat, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus target price of $124.02.

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.