LPL Financial LLC Sells 16,840 Shares of Canadian National Railway (NYSE:CNI)

LPL Financial LLC lessened its stake in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 14.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 99,206 shares of the transportation company's stock after selling 16,840 shares during the quarter. LPL Financial LLC's holdings in Canadian National Railway were worth $10,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Quintet Private Bank Europe S.A. bought a new stake in shares of Canadian National Railway in the 4th quarter worth $25,000. Arlington Trust Co LLC purchased a new stake in Canadian National Railway in the fourth quarter worth approximately $30,000. Lee Danner & Bass Inc. purchased a new stake in Canadian National Railway during the 4th quarter valued at $30,000. Addison Advisors LLC lifted its holdings 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 valued at $32,000 after buying an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its stake 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 worth $34,000 after buying 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 Price Performance

NYSE CNI traded up $5.71 on Wednesday, reaching $98.37. The company had a trading volume of 2,466,132 shares, compared to its average volume of 1,267,981. The stock has a market capitalization of $61.82 billion, a PE ratio of 19.21, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. Canadian National Railway has a 12 month low of $90.70 and a 12 month high of $132.27. The company has a quick ratio of 0.48, a current ratio of 0.66 and a debt-to-equity ratio of 0.94. The firm's 50 day moving average price is $99.46 and its 200 day moving average price is $105.17.

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

Canadian National Railway Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 10th were given a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.50%. The ex-dividend date was Monday, March 10th. This is a boost from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is currently 47.66%.

Analyst Ratings Changes

A number of research firms have weighed in on CNI. Loop Capital downgraded Canadian National Railway from a "hold" rating to a "sell" rating in a report on Monday, February 3rd. Bank of America cut their target price on shares of Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. TD Securities upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. JPMorgan Chase & Co. upgraded Canadian National Railway from a "neutral" rating to an "overweight" rating in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus lifted their target price on Canadian National Railway from $120.00 to $125.00 and gave the company a "buy" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.