Sanibel Captiva Trust Company Inc. Sells 224 Shares of Canadian National Railway (NYSE:CNI)

Sanibel Captiva Trust Company Inc. cut its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 5.9% in the second quarter, HoldingsChannel.com reports. The firm owned 3,564 shares of the transportation company’s stock after selling 224 shares during the quarter. Sanibel Captiva Trust Company Inc.’s holdings in Canadian National Railway were worth $421,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Bfsg LLC increased its position in Canadian National Railway by 110.5% during the 1st quarter. Bfsg LLC now owns 200 shares of the transportation company’s stock valued at $26,000 after purchasing an additional 105 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in Canadian National Railway during the 2nd quarter valued at approximately $26,000. GAMMA Investing LLC increased its holdings in shares of Canadian National Railway by 766.7% during the 1st quarter. GAMMA Investing LLC now owns 234 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 207 shares in the last quarter. ORG Partners LLC purchased a new position in shares of Canadian National Railway during the 2nd quarter valued at approximately $34,000. Finally, Rational Advisors LLC purchased a new stake in Canadian National Railway in the 1st quarter worth $49,000. Institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Up 0.5 %

Shares of CNI traded up $0.62 during midday trading on Wednesday, hitting $114.44. The stock had a trading volume of 181,288 shares, compared to its average volume of 1,066,625. The company has a 50 day simple moving average of $116.80 and a two-hundred day simple moving average of $124.02. Canadian National Railway has a twelve month low of $103.96 and a twelve month high of $134.02. The firm has a market cap of $72.04 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 2.30 and a beta of 0.89. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.63 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last issued its quarterly earnings data on Tuesday, July 23rd. The transportation company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.93 by ($0.09). Canadian National Railway had a return on equity of 23.58% and a net margin of 32.00%. The firm had revenue of $4.33 billion for the quarter, compared to the consensus estimate of $4.40 billion. During the same quarter in the prior year, the firm earned $1.31 EPS. The company’s revenue was up 6.7% on a year-over-year basis. On average, analysts anticipate that Canadian National Railway will post 5.62 EPS for the current year.

Canadian National Railway Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 6th will be paid a $0.614 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $2.46 annualized dividend and a dividend yield of 2.15%. Canadian National Railway’s dividend payout ratio is 39.23%.

Analysts Set New Price Targets

CNI has been the topic of several recent research reports. Sanford C. Bernstein cut shares of Canadian National Railway from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $146.25 to $130.67 in a research report on Monday, July 8th. Stephens cut their price target on shares of Canadian National Railway from $127.00 to $122.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 24th. National Bank Financial upgraded shares of Canadian National Railway from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 27th. Wells Fargo & Company decreased their price objective on Canadian National Railway from $130.00 to $125.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Finally, Barclays decreased their price target on Canadian National Railway from $128.00 to $120.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Sixteen analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Canadian National Railway has a consensus rating of “Hold” and an average price target of $138.35.

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.