Carret Asset Management LLC Trims Stock Position in Canadian National Railway (NYSE:CNI)

Carret Asset Management LLC trimmed its stake in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,293 shares of the transportation company’s stock after selling 1,000 shares during the period. Carret Asset Management LLC’s holdings in Canadian National Railway were worth $5,570,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. PDS Planning Inc grew its position in Canadian National Railway by 2.0% during the fourth quarter. PDS Planning Inc now owns 4,566 shares of the transportation company’s stock valued at $574,000 after buying an additional 89 shares during the period. First Foundation Advisors boosted its position in shares of Canadian National Railway by 0.9% during the 3rd quarter. First Foundation Advisors now owns 12,852 shares of the transportation company’s stock valued at $1,392,000 after acquiring an additional 111 shares during the last quarter. Capital International Ltd. CA raised its position in shares of Canadian National Railway by 0.5% during the 4th quarter. Capital International Ltd. CA now owns 23,455 shares of the transportation company’s stock valued at $2,950,000 after buying an additional 113 shares in the last quarter. Hall Laurie J Trustee raised its holdings in Canadian National Railway by 0.4% during the 4th quarter. Hall Laurie J Trustee now owns 28,717 shares of the transportation company’s stock valued at $3,608,000 after buying an additional 120 shares during the period. Finally, Signaturefd LLC grew its holdings in Canadian National Railway by 1.1% during the 4th quarter. Signaturefd LLC now owns 10,862 shares of the transportation company’s stock valued at $1,365,000 after purchasing an additional 123 shares during the last quarter. Institutional investors own 80.74% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CNI shares. Wells Fargo & Company initiated coverage on Canadian National Railway in a research report on Friday, June 7th. They issued an “equal weight” rating and a $130.00 price objective on the stock. Stifel Nicolaus raised their price target on shares of Canadian National Railway from $121.00 to $134.00 and gave the stock a “hold” rating in a research note on Friday, April 12th. Susquehanna lowered their price objective on shares of Canadian National Railway from $142.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Barclays raised their target price on shares of Canadian National Railway from $127.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 4th. Finally, StockNews.com lowered Canadian National Railway from a “buy” rating to a “hold” rating in a report on Wednesday, May 22nd. Eighteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $148.95.

Canadian National Railway Stock Up 1.3 %

NYSE CNI traded up $1.51 on Wednesday, hitting $119.09. The stock had a trading volume of 505,377 shares, compared to its average volume of 1,062,819. The business’s fifty day moving average price is $123.40 and its 200 day moving average price is $126.20. The stock has a market cap of $75.56 billion, a price-to-earnings ratio of 19.12, a price-to-earnings-growth ratio of 2.07 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.60 and a quick ratio of 0.46. Canadian National Railway has a 52-week low of $103.96 and a 52-week high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last announced its earnings results on Tuesday, April 23rd. The transportation company reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.01. Canadian National Railway had a return on equity of 23.27% and a net margin of 32.81%. The firm had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.16 billion. Equities research analysts anticipate that Canadian National Railway will post 5.9 earnings per share for the current year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a dividend of $0.625 per share. The ex-dividend date of this dividend was Friday, June 7th. This represents a $2.50 annualized dividend and a dividend yield of 2.10%. Canadian National Railway’s dividend payout ratio (DPR) is currently 39.08%.

About Canadian National Railway

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.