Canadian National Railway (NYSE:CNI) Shares Sold by Broderick Brian C

Broderick Brian C trimmed its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,772 shares of the transportation company’s stock after selling 431 shares during the period. Canadian National Railway makes up about 2.5% of Broderick Brian C’s portfolio, making the stock its 18th biggest position. Broderick Brian C’s holdings in Canadian National Railway were worth $12,625,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CNI. Canada Pension Plan Investment Board raised its stake in shares of Canadian National Railway by 92.4% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,505,860 shares of the transportation company’s stock valued at $593,911,000 after buying an additional 2,163,820 shares during the last quarter. Capital International Investors grew its holdings in Canadian National Railway by 18.1% during the first quarter. Capital International Investors now owns 9,003,537 shares of the transportation company’s stock worth $1,185,647,000 after acquiring an additional 1,379,976 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Canadian National Railway by 4,614.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,336,027 shares of the transportation company’s stock valued at $157,896,000 after acquiring an additional 1,307,689 shares in the last quarter. Manning & Napier Advisors LLC acquired a new position in Canadian National Railway in the second quarter valued at approximately $134,096,000. Finally, 1832 Asset Management L.P. boosted its position in Canadian National Railway by 7.8% in the 2nd quarter. 1832 Asset Management L.P. now owns 9,365,622 shares of the transportation company’s stock worth $1,106,361,000 after purchasing an additional 674,536 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNI has been the subject of several recent research reports. Stephens reaffirmed an “equal weight” rating and set a $116.00 target price on shares of Canadian National Railway in a report on Wednesday, October 23rd. Susquehanna cut their price objective on shares of Canadian National Railway from $130.00 to $125.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Sanford C. Bernstein lowered their target price on shares of Canadian National Railway from $130.67 to $126.29 and set a “market perform” rating on the stock in a research note on Wednesday, October 9th. Stifel Nicolaus raised their target price on Canadian National Railway from $130.00 to $132.00 and gave the company a “hold” rating in a research report on Wednesday, October 23rd. Finally, Barclays upped their price target on Canadian National Railway from $120.00 to $121.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $125.48.

Canadian National Railway Trading Down 1.2 %

Shares of CNI opened at $110.07 on Friday. Canadian National Railway has a 52-week low of $107.54 and a 52-week high of $134.02. The stock has a market cap of $69.21 billion, a PE ratio of 17.64, a price-to-earnings-growth ratio of 2.52 and a beta of 0.89. The firm’s fifty day moving average is $114.31 and its two-hundred day moving average is $117.89. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings results on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion for the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a net margin of 31.65% and a return on equity of 23.62%. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $1.26 earnings per share. Research analysts forecast that Canadian National Railway will post 5.49 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a $0.6108 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.22%. Canadian National Railway’s dividend payout ratio (DPR) is presently 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.