Legal & General Group Plc lessened its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 19.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,529,315 shares of the transportation company's stock after selling 1,095,849 shares during the quarter. Legal & General Group Plc owned 0.72% of Canadian National Railway worth $459,702,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Quintet Private Bank Europe S.A. acquired a new stake in Canadian National Railway during the fourth quarter valued at $25,000. Arlington Trust Co LLC acquired a new position in Canadian National Railway in the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. bought a new position in Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC grew its position in Canadian National Railway by 80.2% in the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after acquiring an additional 142 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. raised its holdings 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 purchasing an additional 108 shares in the last quarter. Hedge funds and other institutional investors own 80.74% of the company's stock.
Canadian National Railway Price Performance
Shares of CNI traded up $3.96 during mid-day trading on Friday, reaching $99.77. The company had a trading volume of 1,712,787 shares, compared to its average volume of 1,275,789. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market capitalization of $62.70 billion, a P/E ratio of 19.49, a P/E/G ratio of 1.95 and a beta of 0.93. Canadian National Railway has a twelve month low of $91.65 and a twelve month high of $130.63. The company's 50-day moving average is $99.36 and its 200-day moving average is $104.82.
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 earnings per share (EPS) 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%. On average, equities analysts anticipate 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 was paid on Monday, March 31st. Investors of record on Monday, March 10th were issued a dividend of $0.6159 per share. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. This represents a $2.46 annualized dividend and a yield of 2.47%. The ex-dividend date of this dividend was Monday, March 10th. Canadian National Railway's dividend payout ratio (DPR) is currently 47.66%.
Analyst Ratings Changes
Several equities analysts have weighed in on CNI shares. Jefferies Financial Group cut their target price on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a report on Wednesday. Stifel Nicolaus lifted 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 report on Friday, January 31st. Citigroup decreased their price objective on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Bank of America decreased their price target on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Finally, Barclays lowered their target price on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $121.19.
Check Out Our Latest Stock Analysis on CNI
Canadian National Railway Profile
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Free Report)
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.
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