Russell Investments Group Ltd. Sells 709,994 Shares of Canadian National Railway (NYSE:CNI)

Russell Investments Group Ltd. lessened its position in Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 53.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 616,666 shares of the transportation company's stock after selling 709,994 shares during the period. Russell Investments Group Ltd. owned approximately 0.10% of Canadian National Railway worth $62,567,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of CNI. Quintet Private Bank Europe S.A. purchased a new position in Canadian National Railway during the fourth quarter worth about $25,000. Arlington Trust Co LLC bought a new position in shares of Canadian National Railway in the fourth quarter valued at approximately $30,000. Lee Danner & Bass Inc. purchased a new stake in shares of Canadian National Railway during the fourth quarter valued at approximately $30,000. Addison Advisors LLC lifted its holdings in Canadian National Railway by 80.2% during the fourth quarter. Addison Advisors LLC now owns 319 shares of the transportation company's stock worth $32,000 after acquiring an additional 142 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. boosted its position in Canadian National Railway by 48.2% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company's stock worth $34,000 after purchasing an additional 108 shares during the last quarter. Institutional investors own 80.74% of the company's stock.

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Canadian National Railway Price Performance

Shares of CNI traded up $3.96 during midday trading on Friday, reaching $99.77. The stock had a trading volume of 1,712,787 shares, compared to its average volume of 1,273,766. The company has a current ratio of 0.66, a quick ratio of 0.48 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $62.70 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.95 and a beta of 0.93. The company's 50-day moving average is $99.36 and its 200 day moving average is $104.90. Canadian National Railway has a 12-month low of $91.65 and a 12-month high of $130.63.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last announced its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, equities analysts predict that Canadian National Railway will post 5.52 EPS for the current fiscal year.

Canadian National Railway Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 10th were issued a $0.6159 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.46 annualized dividend and a dividend yield of 2.47%. This is an increase from Canadian National Railway's previous quarterly dividend of $0.61. Canadian National Railway's payout ratio is currently 47.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CNI. Barclays lowered their target price on Canadian National Railway from $112.00 to $104.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 2nd. Citigroup dropped their target price on shares of Canadian National Railway from $122.00 to $114.00 and set a "buy" rating on the stock in a research note on Tuesday. 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 decreased their target price on Canadian National Railway from $125.00 to $123.00 and set an "overweight" rating for the company in a research report on Monday, January 13th. Finally, Jefferies Financial Group dropped their price target on Canadian National Railway from $120.00 to $110.00 and set a "buy" rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and four have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $121.19.

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.