FIL Ltd Cuts Stake in Canadian National Railway (NYSE:CNI)

FIL Ltd lessened its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 33.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,828,530 shares of the transportation company's stock after selling 1,444,978 shares during the quarter. FIL Ltd owned approximately 0.45% of Canadian National Railway worth $287,231,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CNI. Unigestion Holding SA grew its holdings in Canadian National Railway by 363.6% during the third quarter. Unigestion Holding SA now owns 153,880 shares of the transportation company's stock valued at $18,012,000 after purchasing an additional 120,687 shares during the period. Synovus Financial Corp grew its stake in shares of Canadian National Railway by 82.3% during the 3rd quarter. Synovus Financial Corp now owns 13,873 shares of the transportation company's stock valued at $1,625,000 after acquiring an additional 6,261 shares during the period. Sustainable Insight Capital Management LLC bought a new position in shares of Canadian National Railway during the 4th quarter valued at approximately $436,000. Two Sigma Advisers LP increased its holdings in Canadian National Railway by 123.7% in the 3rd quarter. Two Sigma Advisers LP now owns 172,172 shares of the transportation company's stock worth $20,170,000 after acquiring an additional 95,200 shares in the last quarter. Finally, Threadgill Financial LLC raised its stake in Canadian National Railway by 75.9% during the 4th quarter. Threadgill Financial LLC now owns 22,476 shares of the transportation company's stock worth $2,282,000 after acquiring an additional 9,701 shares during the period. Institutional investors own 80.74% of the company's stock.

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Canadian National Railway Trading Up 4.1 %

Shares of NYSE CNI traded up $3.96 during midday trading on Friday, hitting $99.77. The company's stock had a trading volume of 1,712,787 shares, compared to its average volume of 1,275,789. The business's 50 day moving average is $99.36 and its two-hundred day moving average is $104.82. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $130.63. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The firm has a market cap of $62.70 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93.

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 the consensus estimate 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 expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were given a dividend of $0.6159 per share. The ex-dividend date of this dividend 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 dividend yield of 2.47%. Canadian National Railway's dividend payout ratio (DPR) is 47.66%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on CNI shares. Bank of America reduced their price objective 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. JPMorgan Chase & Co. raised Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Jefferies Financial Group lowered their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday. Loop Capital cut shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reduced their price target 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway presently has an average rating of "Moderate Buy" and a consensus price target of $121.19.

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.