Canadian National Railway (NYSE:CNI) Stock Holdings Reduced by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC cut its position in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,097 shares of the transportation company’s stock after selling 183 shares during the period. Tempus Wealth Planning LLC’s holdings in Canadian National Railway were worth $720,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted its stake in shares of Canadian National Railway by 4.4% in the 3rd quarter. Wellington Management Group LLP now owns 18,562,189 shares of the transportation company’s stock valued at $2,175,935,000 after purchasing an additional 790,420 shares during the last quarter. National Bank of Canada FI lifted its position in shares of Canadian National Railway by 46.5% in the third quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after buying an additional 2,137,948 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Canadian National Railway by 0.7% during the 3rd quarter. Fiera Capital Corp now owns 5,482,524 shares of the transportation company’s stock worth $642,828,000 after acquiring an additional 39,063 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Canadian National Railway by 5.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 3,962,972 shares of the transportation company’s stock valued at $464,002,000 after acquiring an additional 202,303 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Canadian National Railway by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,562,480 shares of the transportation company’s stock valued at $302,895,000 after acquiring an additional 158,757 shares in the last quarter. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Canadian National Railway stock opened at $98.78 on Tuesday. The business has a 50 day simple moving average of $104.48 and a 200 day simple moving average of $110.79. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48. The company has a market capitalization of $62.11 billion, a PE ratio of 19.29, a price-to-earnings-growth ratio of 2.47 and a beta of 0.91. Canadian National Railway has a one year low of $98.69 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last released its quarterly earnings results on Thursday, January 30th. The transportation company reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a net margin of 26.09% and a return on equity of 22.48%. On average, sell-side analysts forecast 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 will be paid on Monday, March 31st. Shareholders of record on Monday, March 10th will be issued a dividend of $0.6159 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.46 dividend on an annualized basis and a yield of 2.49%. This is a positive change from Canadian National Railway’s previous quarterly dividend of $0.61. Canadian National Railway’s dividend payout ratio is currently 48.05%.

Analyst Ratings Changes

CNI has been the topic of several analyst reports. Veritas upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Citigroup upgraded shares of Canadian National Railway from a “neutral” rating to a “buy” rating and raised their target price for the company from $126.00 to $130.00 in a research note on Tuesday, November 12th. Royal Bank of Canada cut their target price on shares of Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday. Wells Fargo & Company lowered their price target on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating on the stock in a research report on Monday, January 13th. Finally, Stephens reiterated an “equal weight” rating and issued a $116.00 price objective on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, seven have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $124.19.

Canadian National Railway 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.