Canadian National Railway (NYSE:CNI) Shares Sold by Mariner LLC

Mariner LLC decreased its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 24.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,405 shares of the transportation company's stock after selling 30,006 shares during the period. Mariner LLC's holdings in Canadian National Railway were worth $9,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Canadian National Railway by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 22,986,678 shares of the transportation company's stock worth $2,334,251,000 after buying an additional 101,228 shares during the last quarter. TD Asset Management Inc. increased its holdings in Canadian National Railway by 2.7% in the 4th quarter. TD Asset Management Inc. now owns 11,768,500 shares of the transportation company's stock worth $1,194,443,000 after acquiring an additional 309,210 shares in the last quarter. Fiera Capital Corp increased its holdings in Canadian National Railway by 2.6% in the 4th quarter. Fiera Capital Corp now owns 5,624,594 shares of the transportation company's stock worth $570,550,000 after acquiring an additional 142,070 shares in the last quarter. Norges Bank purchased a new stake in Canadian National Railway in the 4th quarter worth approximately $563,048,000. Finally, CIBC Asset Management Inc increased its holdings in Canadian National Railway by 12.6% in the 4th quarter. CIBC Asset Management Inc now owns 5,119,674 shares of the transportation company's stock worth $519,843,000 after acquiring an additional 571,967 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CNI. Jefferies Financial Group reduced their target price on shares of Canadian National Railway from $120.00 to $110.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Raymond James lowered shares of Canadian National Railway from a "moderate buy" rating to a "hold" rating in a report on Tuesday. Susquehanna lowered their target price on Canadian National Railway from $115.00 to $113.00 and set a "neutral" rating for the company in a research report on Thursday, March 27th. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Royal Bank of Canada lowered their price target on Canadian National Railway from $174.00 to $171.00 and set an "outperform" rating for the company in a research report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, seven have given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, Canadian National Railway currently has a consensus rating of "Moderate Buy" and an average price target of $120.36.

Canadian National Railway Stock Down 0.2 %

NYSE:CNI traded down $0.17 during midday trading on Thursday, reaching $97.60. 398,056 shares of the stock traded hands, compared to its average volume of 1,460,341. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $129.18. The business has a 50-day moving average of $98.74 and a two-hundred day moving average of $104.03. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.48 and a current ratio of 0.66. The stock has a market capitalization of $61.34 billion, a PE ratio of 19.06, 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 posted its earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS 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%. On average, equities analysts forecast that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 10th were issued 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 dividend yield of 2.52%. 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%.

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.