Kidder Stephen W Reduces Stock Position in Canadian National Railway (NYSE:CNI)

Kidder Stephen W trimmed its holdings in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 68,871 shares of the transportation company's stock after selling 4,555 shares during the period. Canadian National Railway comprises 2.1% of Kidder Stephen W's investment portfolio, making the stock its 21st biggest holding. Kidder Stephen W's holdings in Canadian National Railway were worth $6,991,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the business. Quintet Private Bank Europe S.A. purchased a new stake in shares of Canadian National Railway during the 4th quarter worth approximately $25,000. Arlington Trust Co LLC acquired a new stake in Canadian National Railway in the fourth quarter valued at $30,000. Lee Danner & Bass Inc. purchased a new position in shares of Canadian National Railway in the fourth quarter valued at $30,000. Addison Advisors LLC raised its stake in shares of Canadian National Railway by 80.2% during 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. raised its stake 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 worth $34,000 after buying an additional 108 shares during the last quarter. 80.74% of the stock is owned by institutional investors and hedge funds.

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Canadian National Railway Trading Up 0.4 %

NYSE CNI traded up $0.37 during mid-day trading on Wednesday, hitting $93.03. The company's stock had a trading volume of 422,945 shares, compared to its average volume of 1,458,470. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a 52-week low of $91.65 and a 52-week high of $132.27. The stock's fifty day simple moving average is $99.71 and its two-hundred day simple moving average is $105.34. The firm has a market capitalization of $58.46 billion, a P/E ratio of 18.17, 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 announced its quarterly 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%. Research analysts expect that Canadian National Railway will post 5.52 EPS for the current year.

Canadian National Railway Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were paid a dividend of $0.6159 per share. The ex-dividend date was Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 2.65%. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CNI shares. Royal Bank of Canada reduced their price objective 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. Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Stifel Nicolaus raised their price target on shares of Canadian National Railway from $120.00 to $125.00 and gave the stock a "buy" rating in a research note on Friday, January 31st. TD Securities raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Loop Capital lowered shares of Canadian National Railway from a "hold" rating to a "sell" rating in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average 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.