Canadian National Railway (NYSE:CNI) Shares Sold by Foresight Global Investors Inc.

Foresight Global Investors Inc. lowered its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 160,563 shares of the transportation company's stock after selling 6,650 shares during the quarter. Canadian National Railway accounts for about 11.9% of Foresight Global Investors Inc.'s holdings, making the stock its 4th biggest position. Foresight Global Investors Inc.'s holdings in Canadian National Railway were worth $16,299,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quintet Private Bank Europe S.A. purchased a new position in shares of Canadian National Railway in the 4th quarter valued at about $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway during the fourth quarter worth about $30,000. Addison Advisors LLC increased its holdings 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 buying an additional 142 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of Canadian National Railway by 48.2% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock valued at $34,000 after acquiring an additional 108 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $59,000. Institutional investors and hedge funds own 80.74% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Royal Bank of Canada dropped their price objective on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research note on Friday, January 31st. Evercore ISI upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 19th. Barclays decreased their price objective on shares of Canadian National Railway from $121.00 to $112.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company dropped their target price on shares of Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a report on Monday, January 13th. Finally, Loop Capital downgraded shares of Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Two 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $124.19.

Canadian National Railway Trading Down 1.1 %

Canadian National Railway stock traded down $1.03 during trading on Friday, hitting $96.71. The company's stock had a trading volume of 1,071,318 shares, compared to its average volume of 1,186,347. The stock's fifty day moving average is $101.27 and its 200 day moving average is $107.21. Canadian National Railway has a 1-year low of $93.64 and a 1-year high of $132.73. The stock has a market capitalization of $60.77 billion, a price-to-earnings ratio of 18.89, a P/E/G ratio of 1.95 and a beta of 0.91. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly 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 net margin of 26.09% and a return on equity of 22.48%. As a group, equities research analysts predict that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently declared 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. 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. This represents a $2.46 annualized dividend and a yield of 2.55%. Canadian National Railway's dividend 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.