Canadian National Railway (NYSE:CNI) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. reduced its holdings in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 23.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,201,886 shares of the transportation company's stock after selling 368,502 shares during the quarter. Royal London Asset Management Ltd. owned approximately 0.19% of Canadian National Railway worth $122,003,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. National Bank of Canada FI increased its stake in shares of Canadian National Railway by 46.5% during the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company's stock valued at $789,030,000 after acquiring an additional 2,137,948 shares during the last quarter. Canoe Financial LP purchased a new stake in Canadian National Railway in the fourth quarter valued at approximately $216,943,000. Point72 Asset Management L.P. acquired a new position in Canadian National Railway during the third quarter worth approximately $159,907,000. Wellington Management Group LLP increased its position in Canadian National Railway by 4.4% during the third quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company's stock worth $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. Finally, Toronto Dominion Bank raised its stake in Canadian National Railway by 64.5% during the third quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company's stock worth $174,813,000 after purchasing an additional 584,832 shares during the period. 80.74% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have recently commented on CNI. Bank of America dropped their price objective on Canadian National Railway from $119.00 to $112.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. TD Securities upgraded Canadian National Railway from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th. Wells Fargo & Company reduced their price objective on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating on the stock in a research note on Monday, January 13th. Susquehanna dropped their target price on shares of Canadian National Railway from $125.00 to $115.00 and set a "neutral" rating for the company in a research report on Wednesday, January 8th. Finally, Evercore ISI upgraded shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 19th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have assigned a buy rating and four have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $124.19.

Canadian National Railway Stock Up 2.0 %

Shares of NYSE:CNI traded up $1.92 during midday trading on Monday, reaching $98.73. The company had a trading volume of 1,462,470 shares, compared to its average volume of 1,187,451. The stock has a market capitalization of $62.04 billion, a P/E ratio of 19.28, a PEG ratio of 1.95 and a beta of 0.91. The stock's fifty day moving average price is $101.27 and its 200-day moving average price is $107.13. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. Canadian National Railway has a one year low of $93.64 and a one year high of $132.73.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share 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%. Equities research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 10th will be given a $0.6159 dividend. This is a positive change from Canadian National Railway's previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.50%. Canadian National Railway's dividend payout ratio (DPR) is presently 47.66%.

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.