Carret Asset Management LLC Sells 9,300 Shares of Canadian National Railway (NYSE:CNI)

Carret Asset Management LLC lowered its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 25.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,926 shares of the transportation company's stock after selling 9,300 shares during the period. Carret Asset Management LLC's holdings in Canadian National Railway were worth $3,154,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CNI. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Canadian National Railway in the second quarter worth $26,000. Addison Advisors LLC lifted its position in Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock valued at $28,000 after purchasing an additional 148 shares in the last quarter. ORG Partners LLC purchased a new position in Canadian National Railway during the second quarter valued at $34,000. Daiwa Securities Group Inc. purchased a new position in Canadian National Railway during the first quarter valued at $64,000. Finally, GAMMA Investing LLC lifted its position in Canadian National Railway by 151.7% during the second quarter. GAMMA Investing LLC now owns 589 shares of the transportation company's stock valued at $70,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Price Performance

Shares of CNI stock traded up $0.15 during trading hours on Friday, hitting $110.97. The stock had a trading volume of 1,099,195 shares, compared to its average volume of 1,114,600. Canadian National Railway has a one year low of $103.96 and a one year high of $134.02. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48. The stock's 50-day moving average price is $115.93 and its two-hundred day moving average price is $119.36. The stock has a market capitalization of $70.18 billion, a price-to-earnings ratio of 17.70, a PEG ratio of 2.50 and a beta of 0.88.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.02. Canadian National Railway had a return on equity of 23.49% and a net margin of 31.65%. The firm had revenue of $4.11 billion for the quarter, compared to analysts' expectations of $4.08 billion. During the same period in the previous year, the firm posted $1.26 earnings per share. The business's revenue was up 3.1% compared to the same quarter last year. Equities analysts forecast that Canadian National Railway will post 5.5 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. Shareholders of record on Monday, December 9th will be paid a dividend of $0.6108 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a yield of 2.20%. Canadian National Railway's payout ratio is currently 39.71%.

Wall Street Analyst Weigh In

CNI has been the topic of several analyst reports. Wells Fargo & Company upgraded Canadian National Railway from an "equal weight" rating to an "overweight" rating and set a $125.00 target price on the stock in a research report on Monday, October 7th. Benchmark reiterated a "hold" rating on shares of Canadian National Railway in a research report on Thursday. Stephens reiterated an "equal weight" rating and set a $116.00 target price on shares of Canadian National Railway in a research report on Wednesday. The Goldman Sachs Group lowered their target price on 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. Finally, Stifel Nicolaus boosted their price objective on Canadian National Railway from $130.00 to $132.00 and gave the company a "hold" rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Canadian National Railway currently has a consensus rating of "Hold" and an average target price of $125.18.

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.