Royal London Asset Management Ltd. Has $183.97 Million Holdings in Canadian National Railway (NYSE:CNI)

Royal London Asset Management Ltd. reduced its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 5.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,570,388 shares of the transportation company's stock after selling 83,841 shares during the period. Royal London Asset Management Ltd. owned about 0.25% of Canadian National Railway worth $183,971,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of Canadian National Railway during the second quarter valued at approximately $26,000. Addison Advisors LLC increased its position in Canadian National Railway by 159.1% in the 2nd quarter. Addison Advisors LLC now owns 241 shares of the transportation company's stock valued at $28,000 after acquiring an additional 148 shares in the last quarter. Fortitude Family Office LLC boosted its stake in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company's stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. ORG Partners LLC bought a new position in Canadian National Railway during the 2nd quarter worth approximately $34,000. Finally, Coastline Trust Co bought a new position in Canadian National Railway in the third quarter valued at approximately $34,000. Institutional investors and hedge funds own 80.74% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on CNI. The Goldman Sachs Group reduced their target price on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating on the stock in a report on Wednesday, October 9th. Stifel Nicolaus increased their target price on shares of Canadian National Railway from $130.00 to $132.00 and gave the stock a "hold" rating in a research report on Wednesday, October 23rd. 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. Susquehanna decreased their price target on shares of Canadian National Railway from $130.00 to $125.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, Benchmark restated a "hold" rating on shares of Canadian National Railway in a report on Thursday, October 24th. One research analyst has rated the stock with a sell rating, thirteen have issued a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $125.86.

Canadian National Railway Stock Down 0.4 %

Shares of Canadian National Railway stock traded down $0.46 on Thursday, reaching $109.20. The company's stock had a trading volume of 2,999,349 shares, compared to its average volume of 1,133,133. The company has a market capitalization of $68.77 billion, a price-to-earnings ratio of 17.57, a P/E/G ratio of 2.55 and a beta of 0.89. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The firm's fifty day simple moving average is $111.98 and its two-hundred day simple moving average is $116.28. Canadian National Railway has a 52 week low of $105.28 and a 52 week high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last issued its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.26 EPS. Equities analysts anticipate that Canadian National Railway will post 5.33 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.24%. Canadian National Railway's dividend payout ratio (DPR) is presently 39.26%.

Canadian National Railway Company 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.