Envestnet Portfolio Solutions Inc. Sells 5,400 Shares of Canadian National Railway (NYSE:CNI)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 31.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,697 shares of the transportation company's stock after selling 5,400 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Canadian National Railway were worth $1,187,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP raised its holdings in Canadian National Railway by 4.4% during the 3rd 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 period. National Bank of Canada FI lifted its position in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock worth $789,030,000 after purchasing an additional 2,137,948 shares during the last quarter. Fiera Capital Corp boosted its position in shares of Canadian National Railway by 2.6% in the fourth quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock valued at $570,550,000 after acquiring an additional 142,070 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Canadian National Railway by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after purchasing an additional 571,967 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Canadian National Railway by 6.6% in the third quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company's stock valued at $302,895,000 after purchasing an additional 158,757 shares in the last quarter. Institutional investors and hedge funds own 80.74% of the company's stock.

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Wall Street Analysts Forecast Growth

Several research firms have recently commented on CNI. Stifel Nicolaus increased their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research note on Friday, January 31st. Royal Bank of Canada dropped their target price on 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. Barclays decreased their target price on shares of Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research note on Wednesday, January 8th. Finally, JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. 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 data from MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.19.

Canadian National Railway Price Performance

CNI stock traded up $1.71 during trading on Wednesday, reaching $100.06. The company's stock had a trading volume of 1,727,353 shares, compared to its average volume of 1,433,829. The company's fifty day moving average is $101.21 and its 200-day moving average is $106.88. 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 1 year low of $93.64 and a 1 year high of $132.73. The company has a market capitalization of $62.88 billion, a P/E ratio of 19.54, a price-to-earnings-growth ratio of 1.95 and a beta of 0.91.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 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%. On average, research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a dividend of $0.6159 per share. The ex-dividend date is Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.46%. Canadian National Railway's payout ratio is currently 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.