Gold Investment Management Ltd. Has $5.54 Million Holdings in Canadian National Railway (NYSE:CNI)

Gold Investment Management Ltd. lowered its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 4.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 47,414 shares of the transportation company’s stock after selling 2,420 shares during the period. Canadian National Railway makes up about 2.3% of Gold Investment Management Ltd.’s holdings, making the stock its 6th biggest holding. Gold Investment Management Ltd.’s holdings in Canadian National Railway were worth $5,537,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Canadian National Railway during the second quarter valued at $26,000. Addison Advisors LLC increased its position in shares of Canadian National Railway by 159.1% during the second quarter. Addison Advisors LLC now owns 241 shares of the transportation company’s stock worth $28,000 after buying an additional 148 shares during the period. Fortitude Family Office LLC increased its position in shares of Canadian National Railway by 738.7% during the third quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock worth $30,000 after buying an additional 229 shares during the period. ORG Partners LLC acquired a new stake in shares of Canadian National Railway during the second quarter worth $34,000. Finally, Reston Wealth Management LLC acquired a new stake in shares of Canadian National Railway during the third quarter worth $41,000. Institutional investors own 80.74% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America cut shares of Canadian National Railway from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $129.00 to $122.00 in a research report on Friday, October 4th. 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. Benchmark restated a “hold” rating on shares of Canadian National Railway in a report on Thursday, October 24th. Sanford C. Bernstein reduced their price target on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating for the company in a report on Wednesday, October 9th. Finally, Stephens restated an “equal weight” rating and issued a $116.00 price target on shares of Canadian National Railway in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $125.18.

Canadian National Railway Stock Down 0.9 %

CNI opened at $112.37 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.64 and a quick ratio of 0.49. The company’s 50-day moving average is $114.92 and its 200 day moving average is $118.40. Canadian National Railway has a fifty-two week low of $107.54 and a fifty-two week high of $134.02. The firm has a market capitalization of $70.66 billion, a P/E ratio of 18.16, a PEG ratio of 2.53 and a beta of 0.89.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.02. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company had revenue of $4.11 billion for the quarter, compared to analyst estimates of $4.08 billion. During the same period last year, the firm earned $1.26 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Research analysts expect that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be given a $0.6108 dividend. This represents a $2.44 annualized dividend and a yield of 2.17%. The ex-dividend date of this dividend is Monday, December 9th. Canadian National Railway’s dividend payout ratio is 39.26%.

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.