Cullen Frost Bankers Inc. Decreases Stake in Canadian National Railway (NYSE:CNI)

Cullen Frost Bankers Inc. lowered its position in Canadian National Railway (NYSE:CNI) (TSE:CNR) by 10.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,715 shares of the transportation company’s stock after selling 563 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Canadian National Railway were worth $479,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CNI. National Bank of Canada FI increased its holdings in Canadian National Railway by 46.5% in the 3rd quarter. National Bank of Canada FI now owns 6,737,322 shares of the transportation company’s stock worth $789,030,000 after acquiring an additional 2,137,948 shares during the last quarter. Canoe Financial LP bought a new position in Canadian National Railway in the 4th quarter worth about $216,943,000. Point72 Asset Management L.P. bought a new position in Canadian National Railway in the 3rd quarter worth about $159,907,000. Wellington Management Group LLP boosted its stake in 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 worth $2,175,935,000 after purchasing an additional 790,420 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Canadian National Railway by 64.5% in the 3rd quarter. Toronto Dominion Bank now owns 1,492,218 shares of the transportation company’s stock worth $174,813,000 after purchasing an additional 584,832 shares during the period. Hedge funds and other institutional investors own 80.74% of the company’s stock.

Canadian National Railway Stock Performance

NYSE:CNI opened at $101.12 on Friday. The business has a 50 day moving average of $102.26 and a 200 day moving average of $108.60. The company has a market capitalization of $63.53 billion, a price-to-earnings ratio of 19.75, a PEG ratio of 1.95 and a beta of 0.91. Canadian National Railway has a 1-year low of $96.28 and a 1-year high of $134.02. 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 released its earnings results on Thursday, January 30th. The transportation company reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.09). Canadian National Railway had a return on equity of 22.48% and a net margin of 26.09%. On average, sell-side analysts predict that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 10th will be given a $0.6159 dividend. This is an increase from Canadian National Railway’s previous quarterly dividend of $0.61. 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 2.44%. Canadian National Railway’s payout ratio is presently 47.66%.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. upgraded Canadian National Railway from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Wells Fargo & Company cut their target price on Canadian National Railway from $125.00 to $123.00 and set an “overweight” rating for the company in a research note on Monday, January 13th. Evercore ISI upgraded Canadian National Railway from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 19th. Bank of America cut their target price on Canadian National Railway from $119.00 to $112.00 and set a “neutral” rating for the company in a research note on Wednesday, January 8th. Finally, Citigroup upgraded Canadian National Railway from a “neutral” rating to a “buy” rating and lifted their price target for the company from $126.00 to $130.00 in a research report on Tuesday, November 12th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.