Dividend Assets Capital LLC Sells 431 Shares of Canadian National Railway (NYSE:CNI)

Dividend Assets Capital LLC reduced its holdings in shares of Canadian National Railway (NYSE:CNI) (TSE:CNR) by 2.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,860 shares of the transportation company’s stock after selling 431 shares during the period. Dividend Assets Capital LLC’s holdings in Canadian National Railway were worth $1,711,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Fortitude Family Office LLC boosted its stake in shares of Canadian National Railway by 738.7% in the 3rd quarter. Fortitude Family Office LLC now owns 260 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. Arlington Trust Co LLC bought a new stake in Canadian National Railway in the fourth quarter worth $30,000. Coastline Trust Co purchased a new stake in Canadian National Railway during the third quarter valued at about $34,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Canadian National Railway by 48.2% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 332 shares of the transportation company’s stock valued at $34,000 after buying an additional 108 shares during the last quarter. Finally, Reston Wealth Management LLC bought a new position in shares of Canadian National Railway during the third quarter valued at about $41,000. 80.74% of the stock is owned by hedge funds and other institutional investors.

Canadian National Railway Price Performance

Shares of NYSE CNI opened at $103.98 on Friday. Canadian National Railway has a 1 year low of $98.69 and a 1 year high of $134.02. The stock has a market capitalization of $65.33 billion, a P/E ratio of 20.31, a P/E/G ratio of 1.95 and a beta of 0.91. The company’s 50-day moving average is $102.64 and its 200 day moving average is $109.42. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.66 and a quick ratio of 0.48.

Canadian National Railway (NYSE:CNI) (TSE:CNR) last posted its quarterly earnings data on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing the consensus estimate 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 expect that Canadian National Railway will post 5.52 earnings per share for the current year.

Canadian National Railway Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be paid a $0.6159 dividend. This represents a $2.46 annualized dividend and a yield of 2.37%. This is a boost from Canadian National Railway’s previous quarterly dividend of $0.61. The ex-dividend date is Monday, March 10th. Canadian National Railway’s dividend payout ratio is presently 46.68%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Barclays dropped their target price on Canadian National Railway from $121.00 to $112.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Royal Bank of Canada lowered their price objective on Canadian National Railway from $174.00 to $171.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Evercore ISI upgraded shares of Canadian National Railway from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 19th. JPMorgan Chase & Co. upgraded shares of Canadian National Railway from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Susquehanna dropped their price target on shares of Canadian National Railway from $125.00 to $115.00 and set a “neutral” rating for the company in a research report on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and four have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $124.19.

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.