Canadian National Railway (NYSE:CNI) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 621,349 shares of the transportation company's stock after selling 33,477 shares during the quarter. Franklin Resources Inc. owned about 0.10% of Canadian National Railway worth $63,023,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Quintet Private Bank Europe S.A. purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $25,000. Arlington Trust Co LLC bought a new position in Canadian National Railway during the fourth quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new position in shares of Canadian National Railway in the 4th quarter worth $30,000. Addison Advisors LLC increased its holdings in shares of Canadian National Railway by 80.2% in the 4th quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after buying an additional 142 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its holdings in shares of Canadian National Railway by 48.2% in 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 last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.

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Canadian National Railway Stock Performance

NYSE CNI traded down $0.65 on Tuesday, hitting $94.11. 772,885 shares of the company's stock traded hands, compared to its average volume of 1,445,691. The firm's 50-day moving average price is $100.22 and its two-hundred day moving average price is $105.61. The firm has a market capitalization of $59.14 billion, a PE ratio of 18.40, a P/E/G ratio of 1.95 and a beta of 0.93. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. Canadian National Railway has a 1-year low of $92.58 and a 1-year high of $132.27.

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

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were paid a $0.6159 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.62%. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.

Analyst Upgrades and Downgrades

CNI has been the topic of several analyst reports. Bank of America reduced their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their price target on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating on the stock in a report on Friday, January 31st. Evercore ISI raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 19th. Stifel Nicolaus increased their target price 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. Finally, Jefferies Financial Group raised shares of Canadian National Railway from a "hold" rating to a "buy" rating and set a $120.00 price target for the company in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and four have given 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 $123.36.

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.