Motley Fool Wealth Management LLC Reduces Stock Holdings in Canadian National Railway (NYSE:CNI)

Motley Fool Wealth Management LLC cut its stake in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 9.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 79,241 shares of the transportation company's stock after selling 8,209 shares during the period. Motley Fool Wealth Management LLC's holdings in Canadian National Railway were worth $9,283,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. 1832 Asset Management L.P. increased its position in shares of Canadian National Railway by 7.8% during the second quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company's stock valued at $1,106,361,000 after buying an additional 674,536 shares during the period. JARISLOWSKY FRASER Ltd increased its position in shares of Canadian National Railway by 1.2% during the second quarter. JARISLOWSKY FRASER Ltd now owns 8,610,928 shares of the transportation company's stock valued at $1,017,315,000 after buying an additional 99,716 shares during the period. Fiera Capital Corp increased its position in shares of Canadian National Railway by 0.7% during the third quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company's stock valued at $642,828,000 after buying an additional 39,063 shares during the period. The Manufacturers Life Insurance Company increased its position in shares of Canadian National Railway by 2.6% during the second quarter. The Manufacturers Life Insurance Company now owns 4,836,345 shares of the transportation company's stock valued at $570,667,000 after buying an additional 120,453 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Canadian National Railway by 5.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company's stock valued at $464,002,000 after buying an additional 202,303 shares during the period. 80.74% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CNI. Benchmark restated a "hold" rating on shares of Canadian National Railway in a research report on Thursday, October 24th. Wells Fargo & Company upgraded shares of Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 price objective on the stock in a research report on Monday, October 7th. Sanford C. Bernstein decreased their price objective on shares of Canadian National Railway from $130.67 to $126.29 and set a "market perform" rating on the stock in a research report on Wednesday, October 9th. Royal Bank of Canada upgraded shares of Canadian National Railway from a "sector perform" rating to an "outperform" rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group decreased their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating on the stock in a research report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Canadian National Railway presently has an average rating of "Hold" and an average price target of $125.86.

Canadian National Railway Trading Up 0.2 %

Shares of NYSE:CNI traded up $0.23 during trading on Wednesday, reaching $109.39. 721,169 shares of the company traded hands, compared to its average volume of 1,123,955. The firm has a market capitalization of $68.89 billion, a price-to-earnings ratio of 17.50, a P/E/G ratio of 2.59 and a beta of 0.89. Canadian National Railway has a 52-week low of $105.28 and a 52-week high of $134.02. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.96. The business's fifty day moving average is $112.10 and its 200-day moving average is $116.33.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to analyst estimates of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The business's quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 earnings per share. As a group, analysts forecast that Canadian National Railway will post 5.33 EPS for the current year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $0.6108 per share. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway's dividend payout ratio (DPR) is presently 39.26%.

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.